Unemployment: Latest News

All news where Unemployment is mentioned

14.10.2022 / 19:15

How could a recession affect Canadians? What you should know

recession is on the cards as they look ahead to 2023.Though plenty of Canadians remember living through a recession or two, for millions of others it will be the first major downturn in their adult lives. Some are in their late 20s, perhaps thinking of buying a house or already homeowners.

Canada Unemployment Canada housing market Recession

Unemployment rate rises for the 1st time since August amid ‘cracks’ in job market

unemployment rate rose to 5.2 per cent in May, Statistics Canada said Friday, a sign of weakening in the country’s tight labour market that will help inform the Bank of Canada’s future interest rate decisions.Employment overall was little changed in the month, the agency said, with a modest 17,000 jobs lost. Employment fell among youth aged 15-24 and rose among those aged 25-54.While part-time employment rose to the tune of 15,500 jobs in May, Canadian employers collectively cut 32,700 full-time positions, according to the report.The unemployment rate rose for the first time since August 2022, StatCan said, up from 5.0 per cent in April.The job report this morning comes after the Bank of Canada’s decision this week to raise its key interest rate target by a quarter of a percentage point to 4.75 per cent.In raising its key rate, the central bank said the labour market remains tight, reflecting continued strong demand for workers.“Some cracks appeared within the Canadian labour market in May, but these may not yet be wide enough to convince the Bank of Canada that inflation is about to meaningfully cool off,” said CIBC senior economist Andrew Grantham in a note to clients Friday morning.He suggested the weaker jobs figures might see markets scale back expectations of additional rate hikes to come, but the Bank of Canada’s policymakers may need to see “further softening” to convince them they can leave rate unchanged.Average hourly wages were up 5.1 per cent in May, continuing to outpace inflation.

Statistics Canada Andrew Grantham Canada Unemployment Canada economy Bank of Canada

Soft, hard or ‘bumpy’ landing? Gauging Canada’s odds of a recession

Ottawa’s 2023 budget — will Canada’s previously roaring economy coast into a so-called “soft landing” as it slows, or tumble sharply into a recession?Ongoing calls from a chorus of economists predicting a recession to hit Canada in 2023 have come up against surprisingly strong economic data in the early part of the year, making the tea leaves of an economic downturn especially hard to read.A recession is a widespread decline in economic activity over a certain period of time – usually defined as two straight quarters of negative growth.Ottawa’s 2023 budget bases its economic forecast on a consensus of private sector economists.That document, released March 28, showed that economists’ place the odds of a recession higher than when they were last polled for the 2022 fall economic update.But if the economy is supposed to be slowing down right now, someone might want to tell the economy.January’s gross domestic product (GDP) figures outpaced initial estimates from Statistics Canada with 0.6 per cent growth, rebounding from the flat reading in the final quarter of 2022.Canada’s labour market meanwhile held tight with a 5.0 per cent unemployment rate through the first quarter of 2023. The country’s employers have been in a hiring mood as of late, with net 383,000 positions added since last September.

James Orlando Canada city Ottawa Unemployment Canada economy Bank of Canada Canada News interest rate

Canada shed jobs for 2nd straight month in July, unemployment rate unchanged

Canada’s unemployment rate stayed a historic low of 4.9 per cent in July, remaining unchanged from June as the country continues to face a labour shortage.

Chrystia Freeland Statistics Canada Andrew Grantham Canada Unemployment Employment Jobs

Unemployment rate steady at 5.2% in February - CSO

The unemployment rate was 5.2% in February when adjusted for seasonal factors, unchanged from January, according to the latest figures from the Central Statistics Office.

Britain Ireland business Unemployment

Unemployment figures move higher in January

The unemployment rate rose marginally in January to 5.3%, up from 5.2% in December, new figures from the Central Statistics Office show today.

business Unemployment

Jobless rate including Covid payments falls to 7.9% in October

Unemployment fell to 7.9% last month, according to the latest figures from the Central Statistics Office, and it includes those in receipt of the Pandemic Unemployment Payment.

business Unemployment

Jobless rate including Covid-19 payouts falls to 12.4% - CSO

The unemployment rate, when adjusted to include those on the Pandemic Unemployment Payment, stood at 12.4% in August.

business Unemployment Coronavirus

Covid adjusted jobless rate falls to pandemic-low of 13.5%

The monthly unemployment rate in July was 6.5%, according to the latest figures from the Central Statistics Office.

business Unemployment Coronavirus

Covid-19 jobless rate falls to 18.3% in June - CSO

Unemployment fell in June to 18.3% from 21.9% in May, according to the latest figures from the Central Statistics Office.

business Unemployment Coronavirus

Covid jobless rate dips to 21.9% in May - CSO

The unemployment rate, when adjusted for those on the Pandemic Unemployment Payment, was 21.9% last month, the latest figures from the Central Statistics Office show today.

business Unemployment Coronavirus

Calgary dry cleaning business helps jobseekers having ‘a rough time’ during pandemic

No job during the COVID-19 pandemic? Here’s what you can do in 2021 “We personally know a lot of people who are unemployed and they’re going through a rough time,” David said.Customers at a strip mall that houses one of the Magic Cleaners operations told Global News Monday that they believe the Kims’ efforts will make a difference for people struggling to find work.“It’s a great idea,” Diana LeBlanc said.

Kevin Ryan Canada pandemic Unemployment Coronavirus

London-St. Thomas jobless rate for February at lowest level since March 2020

pandemic was declared and also down sharply from the month prior.February’s jobless rate for the region stands at 6.9 per cent, down from 7.7 per cent in January and almost half of its June peak of 12.6 per cent. Canadian economy added 259K jobs in February, blowing past estimates According to data from Statistics Canada, 4,000 jobs were added in February.

Statistics Canada London St Thomas Canada pandemic Unemployment Coronavirus

Covid-19 unemployment rate climbs to 25% in January - CSO

The Covid-adjusted rate of unemployment rose to 25% in January, up from 19.4% in December, according to the latest figures from the Central Statistics Office.

business Unemployment Coronavirus

December marks 6th straight month of jobs gains in London-St. Thomas

coronavirus pandemic.According to Statistics Canada, 3,700 jobs were added in the region. Data released Friday shows an increase in the labour force of 1,900 and a decrease in unemployment of 1,800.

Statistics Canada Canada city London covid-19 Unemployment Coronavirus

No job during the COVID-19 pandemic? Here’s what you can do in 2021

While many of us are happy to say goodbye to 2020, financial stress, unemployment and looming bills over the holidays may have followed us into the new year. For Canadians who still find themselves out of work due to the COVID-19 pandemic, financial expert Preet Banerjee says there are still some government benefits available, including the temporary enhanced Employment Insurance (EI) benefit. “That’s going to be one of the big supports available to Canadians,” he said.

Preet Banerjee Canada Money Unemployment Coronavirus

London-St. Thomas jobless rate falls to 8.4 per cent in November

Statistics Canada London St Thomas Canada pandemic Unemployment Coronavirus

COVID-19 prompting employment challenges for Peterborough

coronavirus pandemic is affecting Peterborough’s employment numbers, and not in a good way.“Unfortunately we are the second-highest rate of unemployment out of any city in Canada,” said Karen Wilson, executive director at Employment Planning & Counselling in Peterborough, Ont.According to Statistics Canada, Peterborough’s unemployment rate for October was 11.7 per cent – up from 11.2 per cent reported in September.That places the city second only to Edmonton, which has an unemployment rate of 12.0 per cent.And according to Wilson, COVID-19 is presenting new challenges when it comes to employment.“Peterborough is made up of mostly small to medium-sized businesses and a lot of them have been extremely hard hit,” she said.“Employers are

Canada covid-19 pandemic Unemployment Coronavirus

Latest COVID-19 lockdown costing Quebec jobs according to study

COVID-19 is costing Quebec jobs, according to the latest findings by the Institut du Québec (IDQ).The survey, conducted in October 2020, identified 207,000 people currently out of work because of the latest COVID-19 confinement measures, compared to 140,000 who were out of work seven months ago.The study found Quebec’s hotel and food-service sectors were the hardest hit, losing nearly 42,000 jobs, or 19 per cent of the workforce in September 2020 alone, representing nearly two-thirds of all jobs lost in the province.The culture and recreation sectors are also struggling, according to the findings.

covid-19 Unemployment Coronavirus

London-St. Thomas October jobless rate unchanged from September

London-St. Thomas jobless rate records 3rd consecutive drop, falls to 8.9 per cent in September In October, 600 jobs were added — a small increase after 4,200 in September and another 6,900 in August.The labour force increased by 800 people while 100 more people claimed unemployment.The city’s participation rate, which measures the proportion of the working-age population that is working or looking for work, inched up to 61.6 per cent in October from 61.5 per cent in September.

London St Thomas county Thomas covid-19 pandemic Unemployment Coronavirus

Canada adds 84K jobs in October, but about 1.8M still out of work

Statistics Canada says the pace of job growth slowed in October as the economy added 83,600 jobs in the month compared with 378,000 in September.The unemployment rate was little changed at 8.9 per cent compared with 9.0 per cent in September.Overall, there were about 1.8 million people out of work in October.

Statistics Canada Canada covid-19 coronavirus canada Unemployment Coronavirus

ESRI eyes recovery if Brexit deal reached, no 'extreme' Covid restrictions

The Economic and Social Research Institute has said if more "extreme restrictions" in relation to Covid-19 can be avoided next year and a Brexit trade deal can be reached, there should be a strong recovery in the economy.

Ireland business Unemployment Coronavirus

Unemployment rises for fifth straight month in Europe amid pandemic

Unemployment rose for a fifth straight month in Europe in August and is expected to grow further amid concern that extensive government support programs won’t be able to keep many businesses hit by coronavirus restrictions afloat forever.The jobless rate increased to 8.1 per cent in the 19 countries that use the euro currency, from eight per cent in July, official statistics showed Thursday. The number of people out of work rose by 251,000 during the month to 13.2 million.

pandemic Europe Unemployment Coronavirus

Covid adjusted unemployment rate falls to 14.7% - CSO

The Covid-19 crisis continues to have a "significant" impact on the labour market here, new figures from the Central Statistics Office confirm today.

business Unemployment Coronavirus

Unemployment rate in London area drops as economy recovers from COVID-19

coronavirus pandemic began.Nationally, the pace of job gains slowed compared to July, which saw an increase of 419,000 new jobs, as 246,000 jobs were added in August. Unemployment rate reaches 7-year high in London, St.

London Ont city London covid-19 Unemployment Coronavirus

Unemployment rate across B.C. drops while jobs are harder to come by in Metro Vancouver

Canada adds 246K new jobs in August, unemployment rate falls amid coronavirus Statistics Canada says the national economy added 246,000 in August as the pace of job gains slowed compared with July, when 419,000 jobs were added.The figure marked the fourth consecutive month of gains from COVID-19 related lockdowns this spring, bringing the number to within 1.1 million of pre-pandemic levels.Need a job? Here’s who’s hiring right now in CanadaNational gains in August were largely concentrated in full-time work, which had been lagging behind gains in part-time employment.Employment also rose at a faster pace for women than men for the third straight month as Statistics Canada reported women gained about 150,000 positions in August compared to

Statistics Canada Canada city Vancouver covid-19 Unemployment Coronavirus

Donald Trump bypasses congress, signs orders on coronavirus aid

Donald Trump on Saturday moved to bypass the nation’s elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed.

Donald Trump Usa Washington state New Jersey Congress Unemployment Coronavirus Republicans

U.S. adds 1.8 million jobs in July, showing slow economic rebound

Canada added another 419K jobs in July: Statistics Canada The unemployment rate did decline in July from 11.1 per cent to 10.2 per cent, though that still exceeds the highest rate during the 2008-2009 Great Recession.The acceleration of the viral outbreak that began in late June more than doubled the daily U.S. confirmed case count by mid-July, though the rate of new reported cases has since declined.

Canada covid-19 Unemployment Coronavirus novel coronavirus pandemic

Want a full economic recovery? Childcare is critical, report says

coronavirus pandemic, child care is key.That’s the message from the authors of a new report published Tuesday by the Institute for Gender and the Economy at the University of Toronto’s Rotman School of Management, in partnership with YWCA Canada.The report proposes what it calls a “feminist recovery plan” for the country and highlights the critical need for a focus on ensuring no workers are sidelined in the recovery from a pandemic economic and health crisis that data shows has hit women and vulnerable communities harder than men.

Canada covid-19 Child Care Unemployment Coronavirus

Americans brace for end of $600 jobless benefit by end of week

coronavirus is stalling or even reversing the economic recovery.And an extra $600 in weekly unemployment benefits, provided by the federal government on top of whatever assistance states provide, is set to expire at the end of the week. It is the last major source of economic help from the $2 trillion relief package that Congress approved in March.

Usa economy Unemployment Coronavirus U.S. Coronavirus

B.C. COVID-19 survey shows decline in mental health, concern about staying home when sick

COVID-19 shows major concerns among many.Nearly half, 47 per cent, of respondents, say they have seen their mental health worsen due to the pandemic. One in ten B.C.

Mental Health Britain Unemployment Coronavirus Survey

Coronavirus sees women’s participation in workforce hit 3-decade low: RBC

COVID-19 pandemic has pushed women’s participation in the labour force down to its lowest level in three decades and rebounding won’t be easy, says a new study from the Royal Bank of Canada.The report Thursday shows 1.5 million Canadian women lost their jobs in the first two months of the pandemic and says women accounted for about 45 per cent of the decline in hours worked over the downturn, but will only make up 35 per cent of the recovery.

Canada Unemployment Women Coronavirus

Saskatchewan adds 30,000 jobs in June, unemployment rate drops: StatCan

coronavirus pandemic.It’s the first time employment has increased in the province since the provincial government took steps in March to curb the spread of the virus. Canada adds 950K jobs in June, unemployment falls amid coronavirus pandemic Statistics Canada said the majority of the jobs — 20,000 — were full-time positions.The gains in jobs were spread out among the three categories tracked by StatCan.The largest increase in employment — nearly 13,000 jobs — were for people between the ages of 15 and 24.Even with the increase in jobs in June, StatCan said there were almost 44,000 fewer people working in Saskatchewan than the same period a year ago.

Statistics Canada Canada Saskatchewan Coronavirus Unemployment Jobs Coronavirus

Gap in unemployment rates for Black, white Americans hits 5-year high

U.S. unemployment rates for Black people and white people widened further in June, to its largest in five years, underscoring the uneven nature of the nascent recovery from historic job losses triggered by the coronavirus pandemic.Jobless rates for both groups fell in June, but the rate for white people came down at a much faster rate.

Usa covid-19 Unemployment Racism Coronavirus

Trump aluminum tariffs would hurt the U.S. more than Canada, industry warn

Donald Trump decides to impose a second round of aluminum tariffs on Canada in the coming weeks, as recent reports have suggested, some industry workers are warning the effect would likely hurt U.S. businesses more than those in Canada.Bloomberg reported on Tuesday that the U.S.

Donald Trump Usa Canada Unemployment USMCA Coronavirus

Getting people back to work biggest challenge facing new government - Donohoe

The Minister for Finance has said he thinks the biggest challenge facing the next government will be getting the country back to work.

Paschal Donohoe business Unemployment Coronavirus

London-St. Thomas jobless rate hits record 11.7 per cent in May: Stats Canada

coronavirus pandemic pushed the London and St. Thomas-area unemployment rate to a record high in May, according to Statistics Canada.The unemployment rate rose to 11.7 per cent last month, eclipsing the previous high of 11 per cent set in August 2009 in nearly 20 years of comparable data going back to March 2001.It comes after the region’s unemployment rate hit 8.9 per cent in April, rising from 5.8 per cent in March, the same month the novel coronavirus was declared a global pandemic.Prior to the pandemic, the region’s unemployment rate sat at five per cent in January and 4.8 per cent in February.

London St Thomas Canada county Thomas covid-19 Unemployment Coronavirus

Govt approves €6.8bn extra funding for social protection as spending limit nears

The Government has signed off on €6.8 billion in extra funding for the Department of Employment Affairs and Social Protection, as it is due to reach this year's spending limit early next month.

Paschal Donohoe politics Government Unemployment Coronavirus

Ian Bremmer: We're Heading Into a Coronavirus Depression

Is the U.S. heading into a recession or a depression? And how is the global crisis affecting China's role as the world's leading manufacturer? Ian Bremmer, president of the Eurasia Group and host of "GZERO World with Ian Bremmer," joins the podcast to discuss the global and U.S. economies, how artificial intelligence has endured disruptions from the coronavirus, and more.

China business Government Unemployment Podcasts

Statistics Canada: Women facing higher rate of unemployment compared to men

The latest numbers from Statistics Canada show women throughout the country have been hit harder than men when it comes to job losses.

Canada covid-19 Oshawa Unemployment Coronavirus

Canada, U.S. differ on coronavirus reopening plans in face of historic unemployment

In the shark-infested seas of the world’s new normal, Canada and the United States are in the same leaky economic boat — but one is bailing water while the other swims for shore.

Donald Trump Usa Canada covid-19 Unemployment Coronavirus

Quebec economy decimated during COVID-19 crisis, StatCan figures indicate

Jenny Goss has no idea when her hair salon Jean John can reopen.

Unemployment Coronavirus

B.C. unemployment rate hits 11.5 per cent after shedding 264,100 jobs in April

British Columbia shed 264,100 jobs in April.

Britain Canada city Columbia, Britain covid-19 Unemployment Jobs Coronavirus

Alberta’s unemployment rate in April among highest in Canada amid COVID-19

Alberta’s unemployment rate was one of the highest in the country in April as measures taken to slow the spread of COVID-19 forced non-essential businesses to close temporarily, devastating the economy.

Canada covid-19 Canada Coronavirus Unemployment Coronavirus

Unemployment rate jumps to 28.2% in April - CSO

The unemployment rate for April, as measured by the Covid-19 adjusted measure, was 28.2%, according to new figures from the Central Statistics Office.

business Unemployment Coronavirus

US Congress poised to pass another stimulus package

Job losses from the coronavirus pandemic in the United States climbed to 26.4 million, as Congress was poised to approve a new stimulus measure and governors in some states move to slowly reopen businesses.

Usa US Unemployment New York

Why Layoffs From COVID-19 Are Even Worse Than You've Heard

How can the true economic pain from the COVID-19 pandemic, beyond the U.S. unemployment rate, be measured? Gallup Principal Economist Jonathan Rothwell returns to discuss the ways in which he has analyzed the number of Americans who have been harmed so far. What does he see as the challenges for policymakers? And what measures are economists most closely watching as the coronavirus continues to take a toll on the U.S. economy?

Usa covid-19 Government Unemployment Podcasts

Record-High 25% of U.S. Workers Say Job Loss Is Likely

WASHINGTON, D.C. -- As the unemployment rate continues to rise sharply in the wake of the novel coronavirus, a record-high 25% of employed U.S. adults think they are likely to be laid off in the next year. This latest reading in Gallup's 45-year trend comes one year after it hit 8%, which matched the lowest level recorded.

Usa area District Of Columbia Washington, area District Of Columbia city Gallup business Unemployment Workplace

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0