The Congressional Budget Office has forecast that the unemployment rate will still be 9.5 per cent by the end of next year. Some older workers, he said, may simply decide to retire. Employment among Indigenous people living off-reserve fell by 1.8 per cent from July, compared with gains of 1.3 per cent for non-Indigenous Canadians. Large queues formed outside Australian unemployment benefit offices as the prime minister warned the coronavirus pandemic would cause an economic crisis akin to the Great Depression. The job loss reported Friday was a smaller figure because the two are measured differently: The government calculates job losses by surveying businesses and households. © 2020 CNBC LLC. The hospitality sector's share of China's total employment growth has been five times larger than that of factories over the past 20 years, it added. A measure of what’s called underemployment — which counts the unemployed plus full-time workers who were reduced to part-time work — reached 22.8 per cent, a record high. READ MORE: "Unemployment rates across Asia-Pacific could rise by well over 3 percentage points, twice as large as the average recession," said S&P's Asia Pacific Chief Economist Shaun Roache in a report Monday. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ]. This gap is especially high in Australia, Hong Kong, and (South) Korea.". But it’s unclear how much longer those trends will persist. As well, the number of Canadians working less than half their usual hours — likely due to COVID-19 — fell by 14.6 per cent. by crowds at RBG memorial, Employee at Gananoque, Ont., McDonald's tests positive for COVID-19, Trudeau 'disappointed' over RCMP policy making officers shave their beards and wear masks, Hamilton prioritizing COVID-19 testing for those most at risk, Queuing nightmare continues as London COVID-19 assessment centre reaches capacity before opening, Canada shed 2 million jobs in April amid COVID-19, StatCan says, Sign up for our Health IQ newsletter for the latest coronavirus updates, Whistleblower alleges U.S. failed to prepare for coronavirus, ‘blindly’ sought quick fix, Amid COVID-19, Americans have more faith in Canada than themselves: poll. by crowds at RBG memorial, Employee at Gananoque, Ont., McDonald's tests positive for COVID-19, Trudeau 'disappointed' over RCMP policy making officers shave their beards and wear masks, Hamilton prioritizing COVID-19 testing for those most at risk, Queuing nightmare continues as London COVID-19 assessment centre reaches capacity before opening, Need a job? Here’s who’s hiring right now in Canada. By contrast, total jobless claims are a measure of just the layoff side of the equation. Though some businesses are beginning to reopen in certain states, factories, hotels, restaurants, resorts, sporting venues, movie theaters and many small businesses are still largely shuttered. “It’s still a challenge for many families and workers who are still off the job because people do want to get back to work,” said Hassan Yussuff, president of the Canadian Labour Congress. Read more: Raj Chetty, a Harvard economist, is tracking real-time data on the economy, including consumer spending, small business hiring and job postings. She had worked there continually since high school.
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