Unemployment rate surges to 7.8%, with more job losses expected amid CCP Coronavirus Crisis.
The economic toll of the Coronavirus that was caused by the lies of the Chinese Communist Party continues to rise.
A record 1.01 million jobs were lost in March, as the economic toll of the Coronavirus shutdowns hit across the economy.
Notably, the March numbers only partially show the true picture, as the job losses really picked up towards the end of the month. April’s numbers are likely to feature even further job carnage.
Along those lines, with over 4 million Canadians applying for emergency income support, we can get a sense that the next report will be devastating, with depression era levels of job losses.
Jobs were lost in all provinces, with the service industry particularly devastated, with 963,500 service jobs lost, which is unfortunately not a big surprise since those jobs rely on people leaving their homes, the exact thing we are having to avoid.
This shows again the importance of swiftly getting financial assistance measures out to Canadians, as people and businesses – including the energy sector – need support NOW.