Statistics Canada has just released the Labour Force Survey for June this morning, and the Canadian economy is showing solid signs of recovery. Nearly one million more people were working in this country in June than in May.
Stats Can says that 953,000 jobs were gained last month, an almost even split of full-time and part-time positions. This brings the national unemployment rate down to 12.3 per cent from May’s record high of 13.7 per cent.
Employment increased in all ten provinces last month as COVID-19 restrictions were eased across the country. New Brunswick continues to lead the way, being the first province to reach a single-digit unemployment rate. New Brunswick was also the first province to begin easing COVID-19 restrictions, and employment increased by 22,000 jobs in June. When combined with the gains seen in May, this brings employment in the province to 97.1 per cent of its pre-COVID February level, the most complete employment recovery of all provinces to date.
In more good news for this province, a recent survey of Canadian employers revealed that New Brunswick is expected to see the most robust hiring across the country in Q3 of 2020.
Here’s a look at the latest job numbers across Canada.
Unemployment rate by province
(and open jobs on CareerBeacon)
Newfoundland and Labrador 16.5 per cent [View jobs in NL]
Prince Edward Island 15.2 per cent [Jobs in PEI]
Nova Scotia 13.0 per cent [Jobs in Nova Scotia]
New Brunswick 9.9 per cent [Available jobs in New Brunswick]
Quebec 10.7 per cent [See jobs in Quebec]
Ontario 12.2 per cent [Job opportunities in Ontario]
Manitoba 10.1 per cent [Jobs in Manitoba]
Saskatchewan 11.6 per cent [Jobs in Saskatchewan]
Alberta 15.5 per cent [Available jobs in Alberta]
British Columbia 13.0 per cent [See jobs in B.C.]
These numbers are significantly better than many economists had been predicting, and Stats Can notes that the job market is recovering at a sharper rate from the pandemic than it has from previous recessions. The lockdowns are continuing to ease in many regions, more people are working, and more people are re-entering the labour market and looking for work.
To explore the most recent results from the Labour Force Survey in more depth, visit the full report from Statistics Canada.