(The Canadian Press)

(The Canadian Press)

Economy adds 953,000 jobs in June, unemployment rate falls

Even though more people found jobs, more people were also looking for work, Stats Canada data shows

Statistics Canada says the economy added nearly one million jobs in June as businesses forced closed by the pandemic began to reopen.

The agency says 953,000 jobs were added last month, including 488,000 full-time and 465,000 part-time positions.

The unemployment rate fell to 12.3 per cent in June after hitting a record-high of 13.7 per cent in May.

As in May, even though more people found jobs, more people were also looking for work.

The average economist estimate for June had been for an addition of 700,000 jobs and the unemployment rate to fall to 12.0 per cent, according to financial data firm Refinitiv.

Statistics Canada says the unemployment rate would have been 16.3 per cent had it included in unemployment counts those who wanted to work, but did not look for a job.

The jobs report this morning says there are still some 3.1 million people affected by the shutdowns of March and April when public health restrictions forced businesses to close and workers to stay at home to slow the spread of COVID-19.

About 2.5 million didn’t have jobs in June, either due to temporary or permanent layoffs, while the remainder are working less than half their usual hours.

As restrictions eased, the number of people participating in the labour force grew by about 786,000 after May’s 491,000 gain, bringing those considered in the labour force to within 443,000 of its pre-pandemic level.

The gains, though, have not been shared equally between men and women, with the former gaining back jobs at a faster pace than the latter.

The unemployment rate for women was 12.7 per cent in June compared to 12.1 per cent for men. Similarly, the participation rate for core-aged men was less than one percentage point below the February level, while for women it was 1.4 percentage points short.

The underutilization rate — which counts those who are unemployed, those who want a job but didn’t look for one, and those working less than half their usual hours — was 28.3 for women and 25.5 per cent for men.

The Bank of Canada and federal government say the worst of the economic pain from the pandemic is behind the country, but Canada will face high unemployment and low growth until 2021.

The economic outlook released by the Liberal government Wednesday forecast the unemployment rate to be 9.8 per cent for the calendar year, dropping to 7.8 per cent next year based on forecasts by 13 private sector economists.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Employment

Just Posted

Conductor Willi Zwozdesky and pianist Nico Rhodes led 66 local vocalists in song for the Nanaimo Sings video project Keeping Calm and Singing On. (YouTube screen shot)
Nanaimo Sings virtual performance features 66 vocalists

Fifth Nanaimo Sings festival was to have taken place this year

The bow-legged bear was seen roaming 2nd Avenue on Friday, May 7 and again in Brown Drive Park on May 13. (Submitted photo)
Bow-legged Ladysmith bear euthanized after vet examination

CO Stuart Bates said the bear had obvious health issues

Playwrights Scott Rivers (left) and Ray Appel (right) play contestants on a Gabriola Island-themed quiz show hosted by Lesley Hazeldine (centre) in ‘Gabriola Squares.’ (Video still courtesy Ray Appel)
Gabriola Players theatre group presents virtual one-act play festival

Three local productions will be debuted during online event starting this week

Queen Elizabeth II and Clive Holland, deputy commonwealth president of the Royal Life Saving Society, top left, virtually present Dr. Steve Beerman, top right, with the King Edward VII Cup for his drowning-prevention work. Tanner Gorille and Sarah Downs were honoured with Russell Medals for their life-saving resuscitation. (Buckingham Palace photo)
UPDATE: Queen presents Nanaimo doctor with award for global drowning prevention

Dr. Steve Beerman receives Royal Life Saving Society’s King Edward VII Cup

Nanaimo Clippers goaltender Jordan Naylor gets into position as Alberni Valley Bulldogs player Ethan Bono takes a shot on net during a game at the Alberni Valley Multiplex on April 28. (Elena Rardon/Black Press)
Nanaimo Clippers’ passion for the game carries them through pandemic season

Coach looks back on season following third-place finish in the BCHL’s Island pod

Queen Elizabeth II and Clive Holland, deputy commonwealth president of the Royal Life Saving Society, top left, virtually present Dr. Steve Beerman, top right, with the King Edward VII Cup for his drowning-prevention work. Tanner Gorille and Sarah Downs were honoured with Russell Medals for their life-saving resuscitation. (Buckingham Palace photo)
UPDATE: Queen presents Nanaimo doctor with award for global drowning prevention

Dr. Steve Beerman receives Royal Life Saving Society’s King Edward VII Cup

Sinikka Gay Elliott was reported missing on Salt Spring Island on Wednesday, May 12. (Courtesty Salt Spring RCMP)
Body of UBC professor found on Salt Spring Island, no foul play suspected

Sinikka Elliott taught sociology at the university

A driver was taken to hospital after crashing a pickup truck into a tree on Rutherford Road near Bradbury Road on Friday, May 14. (Chris Bush/News Bulletin)
Driver taken to hospital after crashing truck into tree on Rutherford hill in Nanaimo

RCMP investigating incident at Rutherford and Bradbury roads on Friday, May 14

Tamara Cameron, Uplands Park Elementary School music teacher and librarian, students Ben Leduc, second from left, Avery Kojima and Kinley Robson, as well as other music students from the school, will benefit from $8,000 from MusiCounts, for instruments and recording equipment. (Karl Yu/News Bulletin)
Money for new instruments music to ears of Uplands Park school staff and students

Grant from music education charity MusiCounts means students will have more ways to be creative

Sarah Boileau in her home studio on Monday, May 10. Boileau’s work will be on display at the McMillan Arts Centre in Parksville through May 30. (Submitted photo)
RCMP arrested a man in north Nanaimo who wound up empty-handed after allegedly failing at shoplifting, bank robbery and robbery at ATM machine. (File photo)
Man arrested in Nanaimo after failed attempts at bank robbery, ATM mugging, shoplifting

RCMP arrest suspect in office-supply store after ‘short-lived crime spree’

On Friday, May 14 at Meadow Gardens Golf Club in Pitt Meadows, Michael Caan joined a very elite club of golfers who have shot under 60 (Instagram)
Crowds at English Bay were blasted with a large beam of light from an RCMP Air-1 helicopter on Friday, May 14. THE CANADIAN PRESS/Marc Grandmaison
Police enlist RCMP helicopter to disperse thousands crowded on Vancouver beach

On Friday night, police were witness to ‘several thousand people staying well into the evening’

The first Black judge named to the BC Supreme Court, Selwyn Romilly, was handcuffed at 9:15 a.m. May 14 while walking along the seawall. (YouTube/Screen grab)
Police apologize after wrongly arresting B.C.’s first Black Supreme Court Justice

At 81 years old, the retired judge was handcuffed in public while out for a walk Friday morning

Most Read