Statistics Canada Labour Force Survey for
April 2021 reveals that the number of available jobs countrywide fell
by 207,000 (-1.1%) compared with the previous month. Employment
declined in both full-time (-129,000; -0.8%) and part-time (-78,000;
-2.3%) work. The number of employed people working less than half
their usual hours increased by 288,000 to a total of over one million
workers. The number of people searching for work increased +67,000
(+4.9%) while those on temporary layoff was up +57,000 (+37.6%). This
pushed the official unemployment rate higher by 0.6 percentage points
to 8.1 per cent, a total of 1,640,300 workers declared
"officially" unemployed.
The official unemployment rate compares the number of Canadians
working with the total number in what Statcan views as the "active"
workforce. The "active" workforce is the sum of workers working and
those not working but who looked for a job at some time during the
month. Canadians aged 15 or older who are not working and did not
look for a job during the month for whatever reason, such as caring for
their children, are not considered part of the official workforce.
Statcan writes, "The number of Canadians who wanted a job but did
not look for one rose by 54,000 (+11.0%) in April. As a result, the
adjusted unemployment rate -- which includes this group along with
those who meet the definition of unemployed -- was 10.5 per cent, up
0.8 percentage points from the previous month."
Hours worked in April were down 3.9 per cent compared with the
February 2020 pre-pandemic levels. The totality of the situation
continues the substantial loss of new value workers could produce and
make available to themselves, the people, economy and society, if they
were fully mobilized and producing.
This article was published in
May 17, 2021 - No. 45
Article Link:
https://cpcml.ca/WF2021/Articles/WO08451.HTM
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Email: editor@cpcml.ca