Economics
Canada Outpaces U.S., Recouping 55% of Jobs Lost to Pandemic
- Employment up 418,500 in July, jobless rate falls to 10.9%
- But part-time employment made up bulk of last month’s gains
A worker wearing a protective mask and face shield gives a customer a manicure at a Toronto nail salon on June 24.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canada’s economy recorded a third straight month of strong employment gains that have recouped more than half of losses from Covid-19.
Employment rose by 418,500 in July, bringing to 1.7 million the number of jobs reclaimed over the past three months. Canada lost 3 million jobs in March and April at the height of the pandemic. The employment rebound in Canada has outpaced the U.S., which has recovered 42% of its payroll losses.