More than one million job losses in March: StatCan

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Statistics Canada's March job report shows more than one million jobs were lost, as the unemployment rate jumped to 7.8 per cent.

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"Almost all of the increase in unemployment was due to temporary layoffs, meaning that workers expected to return to their job within six months," reads the findings. The number of people in the first bucket has increased by 1.3 million since February, while the second category has increased by 800,000.

"As stark as those numbers are, they aren’t a surprise for a lot of Canadians. Each one represents a different story; a worker who’s been laid off, a family that’s having to hunker down, a community that’s anxious about today and tomorrow," he said. "We’re doing our best to help you bridge to better times.

The Canadian Chamber of Commerce issued a statement urging the federal government to expedite the benefit, which both Trudeau and Finance Minister Bill Morneau have predicted could take between three to six weeks to be fully distributed.

 

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Wil be worse in April. Mind you, if bigger Corporations put people back on books who knows?

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