(…) So far, the recession has destroyed 363,000 positions in the Canadian job market since October, a contraction of 2.1 per cent.
The May losses completely reverse gains of 35,900 noted in April, suggesting the jump in that month – mainly self-employment – was a blip.
(…) Indeed, the lost jobs in May were all full-time positions, with employers shedding 59,000 positions – in line with the trend. Since October, 406,000 full-time positions have been eliminated from Canada’s job market, a contraction of 2.9 per cent. Part-time work has edged up 1.4 per cent during that time, and in May, 17,000 new part-time positions were created.
By province, Ontario shed 60,000 positions, and most other provinces saw little movement. Since October, Ontario’s employment has fallen by 3.5 per cent, or 234,000 positions. While the province accounts for 39 per cent of the country’s work force, it has seen 64 per cent of the recession’s job losses, Statscan said.
Ontario’s unemployment rate is now 9.4 per cent – the highest in 15 years, and 0.7 percentage points higher than a month earlier. Most of the job losses in Ontario in May were in manufacturing and construction, likely reflecting deep trouble in the auto sector and a deterioration of the housing market.
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- CANADA LOSES 43,000 JOBS IN OCTOBER
- CANADIAN EMPLOYMENT COLLAPSES
- Canada Adds 43,000 Jobs (All Part Time)
- Canadian Jobless rate surges to 7.2%
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