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ARTICLE · 14 APRIL 2021

Canada's Unemployment Rate Of 7.5% Lowest Since Before COVID-19 Struck

April 14, 2021 - Canada's unemployment rate dropped to its lowest level since the start of the COVID-19 pandemic in March, according to the latest federal government figures.

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Canada's unemployment rate dropped to its lowest level since the start of the COVID-19 pandemic in March, according to the latest federal government figures released Friday.

The Statistics Canada Labour Market Survey recorded unemployment of 7.5 percent, as Canada jobs increased by 303,100 during the month, moving employment within 1.5 percent of pre-COVID levels.

The gains covered both full and part-time work, while the number of self-employed people also rose for the first time in three months.

Canada currently has 371,000 more people unemployed than February 2020, the last month before coronavirus restrictions were first imposed.

However, with Canada entering a third wave and restrictions re-imposed since the Statistics Canada data for March was compiled, it is possible the recovery will be halted in April.

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The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer

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