Canada lost a record 2 million jobs in a month

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Canada lost a record 2 million jobs in a month

More than 7.5 million Canadians have applied for any federal employment assistance.
In April, Canada lost a record 2 million jobs due to quarantine due to the COVID-19 coronavirus pandemic. The unemployment rate reached 13%, according to Reuters on Monday, May 11.

In this regard, authorities said they were expanding the wage subsidy program. In addition, Statistics Canada said it did not count 1.1 million people who temporarily lost their jobs and were expecting to return after lifting the restrictions. The department noted that if these people were counted, the unemployment rate in April would be a record – 17.8%.

The agency stresses that Canada has already lost a million jobs in March. As of May 5, more than 7.5 million Canadians have applied for any federal employment assistance.

So, the head of government Justin Trudeau said that the emergency wage subsidy program will be extended after June. According to him, the program has already been budgeted for $ 73 billion Canadian dollars ($ 52.4 billion).

According to recent data, the number of confirmed cases of COVID-19 infection in Canada has reached 70 thousand. Almost 5 thousand Canadians died, more than 32 thousand recovered.

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Recall that in the United States record unemployment for half a century. In April alone, 20.5 million Americans lost their jobs. Unemployment in the country jumped to a record 14.7% compared with 4.4% in March.