Canada regains 55% of jobs lost to coronavirus

August 16, 2020

Canada is seeing some economic recovery as coronavirus restrictions ease throughout the country.

About 55 per cent of the 3 million jobs lost since April were recouped as of July, according to the Labour Force Survey.

About 419,000 jobs were added in July, a 2.4 per cent increase over the previous month. The growth was slower compared to June’s growth rate at 5.8 per cent. Statistics Canada’s recent survey on employment, payroll, and hours found that the economic downturn from coronavirus is seeing a sharp turnaround after a steep downfall.

Source: CTV News