Canada’s job growth is showing signs of slowdown and Canada’s unions are calling on the federal government to quickly lay out its plan to stem long-term unemployment.
The latest figures from this morning’s release of Statistics Canada’s Labour Force Survey demonstrates a weakening jobs rebound. The survey showed a slowing recovery, with employment rising just 0.5 percent in October, a dramatic slowdown compared to summer months. The unemployment rate currently sits at 8.9 percent, and long-term unemployment rose sharply in September and October.
“Growing long-term joblessness means more workers risk disconnection from the job market, causing lasting harm to skills, incomes and opportunities,” said Hassan Yussuff, President of the Canadian Labour Congress. “The federal government assured Canadians it is committed to creating one million new jobs and that will be crucial. Time is running out for hundreds of thousands of workers who are seeing job prospects deteriorate in the midst of a second wave of the pandemic which shows no signs of slowing,”
Canada’s unions are calling on the federal government to provide details on its commitments when it tables the next fiscal update.
Nearly 50,000 people working in the already hard-hit accommodation and hospitality sector lost their jobs in October. The job recovery in various industries including construction, transportation and warehousing remains stalled.
The latest survey also shows that workers of colour struggle with a higher unemployment rate (11.7%) than Canadians who were not Indigenous or racialized.
Women of various backgrounds also continue to experience disproportionately lower rates of employment than men; racialized women are even more disadvantaged.
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