The Canadian economy shed 1.99 million jobs in April of 2020, compared to market expectations of a 4 million drop. Still, it is a record decline in employment, after a 1 million loss in March, bringing the total employment decline since the beginning of the COVID-19 economic shutdown to over three million. In addition, the number of people who were employed but worked less than half of their usual hours for reasons related to COVID-19 increased by 2.5 million from February to April. As of the week of April 12, the cumulative effect of the COVID-19 economic shutdown—the number of Canadians who were either not employed or working substantially reduced hours—was 5.5 million, or more than one-quarter of February's employment level. In April, both full-time (-1,472,000; -9.7%) and part-time (-522,000; -17.1%) employment fell. Cumulative losses since February totalled 1,946,000 (-12.5%) in full-time work and 1,059,000 (-29.6%) in part-time employment.
Employment Change in Canada averaged 12.33 Thousand from 1976 until 2020, reaching an all time high of 99.60 Thousand in November of 2018 and a record low of -1993.80 Thousand in April of 2020. This page provides the latest reported value for - Canada Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Employment Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Statistics Canada
Employment Change in Canada is expected to be -500.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in Canada to stand at 10.00 in 12 months time. In the long-term, the Canada Employment Change is projected to trend around 30.00 Thousand in 2021 and 17.68 Thousand in 2022, according to our econometric models.