Close X
Monday, December 2, 2024
ADVT 
National

James sees 'glimmers of increased confidence' as jobless rate hits 13.4 per cent

Darpan News Desk The Canadian Press, 05 Jun, 2020 07:05 PM
  • James sees 'glimmers of increased confidence' as jobless rate hits 13.4 per cent

British Columbia's jobless rate continues to climb upwards, hitting 13.4 per cent last month, but there are signs of building confidence.

Finance Minister Carole James says Statistics Canada labour data for May show despite 353,200 lost jobs in B.C. since the pandemic forced a shutdown, the province created 43,300 jobs last month.

James says the increase reflects some businesses bringing back employees in the preparation to reopen as some health restrictions were eased.

But the labour market continues to be volatile, and James says many remain out of work, especially young people where the jobless rate is 28.9 per cent.

The minister says regular meetings are underway between business and government leaders to make recovery plans for B.C.'s economy.

Statistics Canada reported Canada's unemployment rate in May rose to 13.7 per cent, the highest level in more than four decades.

MORE National ARTICLES

Feds pledge $306M aid for Indigenous businesses suffering COVID-19 losses

Feds pledge $306M aid for Indigenous businesses suffering COVID-19 losses
Prime Minister Justin Trudeau says the government will provide $306 million in funding to help small and medium-sized Indigenous businesses suffering the economic effects of the COVID-19 pandemic. 

Feds pledge $306M aid for Indigenous businesses suffering COVID-19 losses

3 new COVID-19 deaths in B.C. for 81 total, says provincial health officer

3 new COVID-19 deaths in B.C. for 81 total, says provincial health officer
B.C's provincial health officer says three more people in the province have died after testing positive for COVID-19. Dr. Bonnie Henry says the latest deaths came from long-term care facilities and bring the province's total up to 81 deaths. The province has 29 new cases for a total of 1,647.

3 new COVID-19 deaths in B.C. for 81 total, says provincial health officer

Liberals pledge financial aid to sectors of economy hit hard by COVID-19

Liberals pledge financial aid to sectors of economy hit hard by COVID-19
On Friday, the Liberals announced $1.7 billion to help clean up "orphaned wells" in oil-producing provinces, and a $750-million fund to cut methane emissions by providing loans to companies.    

Liberals pledge financial aid to sectors of economy hit hard by COVID-19

Officials set to release estimates of the extent of COVID-19 spread in B.C.

British Columbia is preparing to release its latest estimates of how the new coronavirus may spread through the province over the coming months. Provincial health officer Dr. Bonnie Henry, Health Minister Adrian Dix and health ministry officials release the epidemiological modelling later today.

Officials set to release estimates of the extent of COVID-19 spread in B.C.

Chief public health officer's decisions must be scrutinized: Scheer refuses to express confidence in Tam

Chief public health officer's decisions must be scrutinized: Scheer refuses to express confidence in Tam
Conservative Leader Andrew Scheer refused Thursday to express confidence in Canada's chief public health officer, arguing the need to question her decisions around the COVID-19 pandemic is one of the reasons Parliament must resume. The four main parties in the House of Commons are locked in negotiations to determine if and how Parliament resumes on Monday, the deadline set for it to reconvene following its adjournment in mid-March.

Chief public health officer's decisions must be scrutinized: Scheer refuses to express confidence in Tam

Vancouver Aquarium could face closure due to COVID-19

The Vancouver Aquarium says it is facing bankruptcy and could be forced to close permanently if it can't arrange emergency funding. A statement from the facility says animal care and habitat costs for 70,000 animals exceed $1 million a month but revenues have dropped to almost zero since the COVID-19 outbreak forced it close last month.    

Vancouver Aquarium could face closure due to COVID-19