Canada's labor market lost more than a million jobs in March as the effects of the coronavirus walloped the economy
The survey's findings were based on data gathered during the reference week of March 15 to March 21 — right as authorities were starting to close things down and urging the public to restrict nonessential movements.
The services sectors were by far the hardest hit, losing 963,500 jobs, with much of the decline in accommodation and food services — which suffered a 23.9 percent plunge — and retail and wholesale trade. The goods-producing sectors shed 47,200 position, mostly in manufacturing. For example, the jobless rate had hovered between 5.4 percent and 5.9 percent, near a 44-year low, from March 2019 and until February 2020.
"Indeed, this single report wiped out 40 months of net employment gains, and the worst is yet to come ... we're not yet looking at the full COVID-19 impact."
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