By Staff The Canadian Press
Posted May 15, 2020 11:47 am
2:18Ontario announces next phase of relaxing restrictions
WATCH ABOVE: Thousands of people in Ontario may be returning to work starting May 19, as the province relaxes more restrictions. Eric Sorensen looks at what’s reopening, and what will still be closed.
TORONTO – Ontario’s fiscal watchdog says about one in three workers in the province has been affected by the economic shutdown caused by the COVID-19 pandemic.
The Financial Accountability Office released the finding in a new report today on job losses in Ontario since the crisis began.
The FAO says an estimated 1.1 million workers in the province have lost their jobs, and another 1.1 million have seen their hours sharply reduced.
According to Statistics Canada, Ontario lost 689,200 jobs in April, bringing its employment down to the lowest level since 2009.
Ontario’s unemployment rate climbed to 11.3 per cent in April, the highest it has been since 1993.
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The FAO says nearly 87 per cent of the job losses between February and April came in the private sector.