Canada’s Unemployment Rate To Be Highest In 70 Years: CCPA
Two million Canadians have already lost or are at immediate risk of losing their jobs in the COVID-19 crisis, pushing the country’s unemployment rate to an estimated 13.9 per cent, says a new analysis from the Canadian Centre for Policy Alternatives.
“The unemployment rate in March is on track to be the highest in 70 years, and we’re only at the beginning of the economic fallout,” analysis author David Macdonald said in a statement emailed to media.