May employment statistics represent 91裸聊视频渁 glimmer of hope91裸聊视频� after B.C.91裸聊视频檚 economy lost 353,000 jobs in the coronavirus pandemic restrictions of March and April, Finance Minister Carole James says.

The latest Statistics Canada labour force survey reports an additional 43,300 jobs for May. B.C.91裸聊视频檚 official unemployment rate actually rose almost two per cent to 13.4 per cent, but that91裸聊视频檚 a result of more people returning to look for work as the job market started to show signs of reopening.

91裸聊视频淭hese numbers came before the restart had actually begun,91裸聊视频� James said June 5. 91裸聊视频淚 think we see some glimmers of hope in this trend when you see the number of jobs that actually were created. It doesn91裸聊视频檛 touch the huge loss of jobs over this time period, but I think it does show that you91裸聊视频檙e starting to see some confidence.91裸聊视频�

Jock Finlayson, chief policy officer of the Business Council of B.C., said he was pleasantly surprised to see a slight improvement rather than further decline of B.C.91裸聊视频檚 job market.

91裸聊视频淚 think April was the bottom of the labour market apocalypse,91裸聊视频� Finlayson said in an interview. 91裸聊视频淎nd we91裸聊视频檙e now back on the road to what I think will be a fairly lengthy and bumpy recovery.91裸聊视频�

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James said the unemployment rate among young people was 20.89 per cent for the May report, reflecting the categories of accommodation, food services, wholesale and retail that account for 46 per cent of total jobs lost in B.C.

Finlayson said the job market for young people is likely to remain difficult, in an unprecedented recession that has hit the service economy much harder than the goods-producing sector.

91裸聊视频淭hat91裸聊视频檚 one of the things we91裸聊视频檙e worried about, how long is it going to take young adults to get re-employed, recognizing that there will be more people coming out of school into the labour force as well,91裸聊视频� Finlayson said. 91裸聊视频淭hey91裸聊视频檙e going to be out there bumping up against their slightly older brothers and sisters who have been rendered unemployed as a consequence of the pandemic and the closure of all these industries.91裸聊视频�

Another factor is the Canada Emergency Response Benefit (CERB), which arrived much faster than federal business wage subsidies. Finlayson said it91裸聊视频檚 an issue in getting people back into the job market, and the program needs to be phased out by late summer and fall.

91裸聊视频淪ome people said extend it to the end of the year,91裸聊视频� Finlayson said. 91裸聊视频淚 think that would potentially have some quite negative unintended consequences.

91裸聊视频淭here91裸聊视频檚 a lot of research that shows the most important indicator of long-term economic and social well-being is employment. They91裸聊视频檙e better to be employed building their skills and their experience, and contributing to the economy.91裸聊视频�

tfletcher@blackpress.ca
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