Hiring in Canada Drops More than U.S., Job Postings Data Show
- Northern nation’s labor market harder hit by global slowdown
- Data show 24% drop in new hiring last week versus 15% for U.S.
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Canada’s labor market is taking a greater hit than the U.S. from the pandemic, according to a report by Indeed.com.
Postings in Canada for the week ended March 27 were down 24% from the same time last year, the job board website said in a report on Tuesday. The decline in the U.S. was smaller at 15%, it said. That matches a trend in jobless claims, where 1.55 million Canadians applied for employment insurance since mass lock downs began earlier this month -- a much larger hit than the U.S. on a per capita basis.