Canada lost 74,000 jobs in two months

Canada lost 74,000 jobs in 2 months

Canada lost jobs for two consecutive months, with the nation seeing the loss of 74,000 jobs since May.

Canada lost 74,000 jobs in 2 months
Canada lost 74,000 jobs in 2 months

According to a report from Statistics Canada, Canada lost 59,000 jobs in June, with total jobs lost between May and August declining by 74,000.

Many of these job losses were amongst public sector employees, with 51,000 job losses recorded in July (the first decline in the sector in a year), while the number of self-employed workers rose by 34,000. Private sector employment numbers were little changed.

Despite the decline, the jobless rate of 4.9% has apparently remained the same, with there being fewer jobs but also fewer people looking for work.

As for which jobs have seen the greatest decline, those in the employment sector fell by 53,000 in the services-producing sector fell by 53,000 in July, with month-over-month losses in wholesale and retail trade down 27,000.

Job loss in health care and social assistance has also become increasingly pronounced, with the industry losing 22,000 jobs in a single month.

As economist Tu Nguyen explains, “The job decline in health care has not gone unnoticed, as it has been due to voluntary quits rather than layoffs.” 

“The exodus of burnt-out health-care workers has led to a surge in temporary closure of emergency rooms,” Nguyen continued. “This has far and wide ramifications, [because] when people are not taken care of, it leads to workers across industries calling out sick, having to take time off to care for sick family members, or even exiting the workforce in more extreme circumstances.”

According to StatsCan, the only services-producing industry to see employment gains in July were Finance, insurance, real estate, rental and leasing, which grew by 11,000 jobs.

Share this story

Donate now to keep us on the front lines:

Help Keep your News Free

It's crucial we stay in touch

Big Tech wants to censor us, that’s why you need to stay in touch.

[wpp limit=6 order_by='views']

YOU MIGHT ALSO LIKE THESE...

Trending News

The development comes two days after it was reported that Trudeau is facing an internal Liberal revolt. Trudeau says now is not the time to focus on that.

Walid Tamtam

October 15, 2024

Trending News

Conservatives call the Liberals’ nicotine pouch ban “the height of hypocrisy.” The Liberals openly support “safe supply” programs that legalise fentanyl.

Alexa Posa

September 27, 2024

Trending News

Responding to Trudeau’s $2.14 billion loan, Conservative MP asks Elon Musk to price out Starlink services for Canadians.

Alexa Posa

September 14, 2024

Trending News

Former federal employee pleads guilty to breach of trust.

Alexa Posa

September 5, 2024

Trending News

Ukrainian Canadian Congress wants Pavel Datsyuk barred from Canada and blocked from entering the Hockey Hall of Fame.

Alexa Posa

August 24, 2024

Trending News

A new report by the UN calls the federal Liberals’ temporary foreign worker program “modern slavery.”

TCS Wire

August 13, 2024

Want to join the conversation?

Sign up now to be able to like, comment and reply to other members. A full membership to our site includes:

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.