In this March, Canada has got a big loss as other countries. Canada has recorded losing about one million jobs for being locked down throughout the country to fight against the Coronavirus.
On Thursday, FDA releases data that pushes the unemployment rate to 7.8%. There is a big number of deaths throughout the country. The number of confirmed cases is 19,290 and the number of deaths is 436.
Coronavirus : Canadian Citizens Lost One Million Jobs
The prime minister of the country Canada Justin Trudeau warned the people to prepare to hear for a hard truth.
Mr. Trudeau said that they were not surprised because of the numbers as the pandemic has spread in the whole world. He also added that it was a tough time for the people. Mr. Trudeau also added that the portions of the economy could be re-open this summer. But he also told the people about the outbreaks of Summer.
What figures show?
A huge number of approx 1011000 jobs were lost in the whole country for the epidemic that drives the unemployment rate up 2.2% to 7.8% from last month. The unemployment rate in February stood at 5.6%.
But the agency said that about 1.3 million people were not able to work between 15 March to 21 March. And about 8 lakh citizens worked half of the hours they have done usually.
What is the reaction?
The groups said that there would be lost many countless jobs if they could not get employers urgently as Canada has already dropped interested rates. In the mid of the March month, the country Canada has the largest ever decrease meant in economic.
Canadian Imperial Bank of Commerce (CIBC) senior economist Royce Mendes gave a speech on Thursday that food services industries were hit hardest by the social distancing and the shutdowns.
They also warned the people that the number will be increased more in April.