Nationwide, the rate was 13.7 per cent, up from 13. Combined with the increase in jobs , Statistics Canada said the country recovered 10.6 per cent of employment losses and absences related to the COVID-19 pandemic. A crowdsourcing data collection on the impacts of the COVID-19 pandemic, carried out by Statistics Canada from April 19 to May 1, showed post-secondary students were experiencing th... [Full Article...]
Those figures were mirrored in B.C., where 43,300 jobs were added last month, but unemployment reached 13.4 per cent - up from 7.2 in March and five in February. Of note: 1.5 million Americans left the labor force - meaning they gave up looking for work - between April and May. People not actively seeking work aren't counted in unemployment figures. [Full Article...]
A May poll by TRREB showed 27 per cent of the Greater Toronto Area households were looking to purchase a home over the next year, suggesting that sales may improve further in the coming months provided the economy is not adversely hit by new waves of the pandemic. [Full Article...]
This is a rocket ship", he said. PHOTO: President Donald Trump speaks during a news conference in the Rose Garden of the White House, June 5, 2020, in Washington. The U.S. Labor Department said 1.87 million workers filed new jobless claims last week, 249,000 fewer than the week prior but still a grievous figure almost three times higher than the weekly record in the pre-pandemic economy. [Full Article...]
In May, 2.5 million jobs were added, according to the Bureau of Labor Statistics , appearing to add momentum to Trump's strategy of reopening the economy - a key to his reelection hopes - after much of it was shut down amid the coronavirus pandemic. [Full Article...]
Pandemic panic has now pushed more than 42.5 million Americans into unemployment since mid-March lockdowns began. The remaining 8,000 claims were duplicates, a product of overlap between traditional state unemployment insurance and federal Pandemic Unemployment Assistance available to people not covered by the state system. [Full Article...]
Nissan has already warned that a no-deal Brexit, which would see World Trade Organization tariffs imposed on its cars, would threaten its future in Europe and in Sunderland. The United Kingdom left the European Union on January 31 but the main terms of its membership remain in place during a transition period until the end of this year, allowing it time to negotiate a new free trade deal with the ... [Full Article...]
Treasurer Josh Frydenberg disclosed that the economy shrunk by 0.3 percent in the first three months of the year, amid bushfires and the early stages of the COVID-19 outbreak. To survive, he earns money delivering for UberEats on his pushbike and has turned to free food drives. The week before Germany, Europe's largest economy, slipped into recession , while other big economies, including the... [Full Article...]