Free Trial

Record 1.4M on Jobless Benefits in October After Program Changes

CANADA DATA
(MNI) OTTAWA
  • Figure is highest in data back to 1997, Statistics Canada says Thursday, beating 2008-09 recession peak of 822K
  • Canada in the pandemic shifted new jobless benefits claims to its broader program of "CERB" checks, and shifted people back onto regular jobless benefits around September. StatsCan suspended reporting jobless claims figures from March until September
  • Jobless benefits claims tripled from February's 446k
  • Women now account for a record 50% of claims, up from 37% before the pandemic
  • New qualification rules mean 11% of those receiving benefits would not have qualified under the pre-pandemic system
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.