The figure is more than double the unemployment rate prior to the COVID-19 economic shutdown.from February to April, however, were mostly temporary layoffs, and those newly unemployed Canadians expected to return to their jobs within 6 months, according to the government agency.
In May, as restrictions gradually began to ease in various parts of the country, employment rebounded more strongly in the goods-producing sector than in the services-producing sector ."The surprisingly positive readings on employment paint a more optimistic picture of the early part of the recovery, but there's still a long road back," commented CIBC analyst Royce Mendes, noting that the gains represented only 10% of the pandemic-related jobs shed.
The two economists, however, warned that the rally will be long and arduous amid a gradual easing of COVID-19 restrictions and reopening of the
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