- Canada’s Jobs ‘Claw-Back’ Ratio Now Exceeds 50%
- A 60.1% Jobs Recovery Ratio for Canadian Construction
- Alberta’s Labour Market Struggling; But so is Ontario’s
Canada’s Jobs ‘Claw-Back’ Ratio Now Exceeds 50%
In July, the total number of jobs in Canada rose by 419,000, according to Statistics Canada, bringing the cumulative figure for the latest three months to +1.661 million. June’s number was +952,000 and May’s, +290,000.
In March and April, with the economy immobilized by fear of the coronavirus, the shrinkage in the total number of jobs nationwide was a staggering -3.0 million.
The offset of +1.661 million since April compared with -3.0 million in March-April, yields a ‘jobs recovery’ ratio of 55.3%.
From the middle portion of Table 1, titled ‘Pandemic,’ it can be seen that Canada’s employment claw-back ratio of 55.3% is better than the 37.3% result for the U.S., although it should be noted that Canada’s jobs drop in March-April of -15.7% exceeded America’s -13.5%.
