COVID-19 causing more long-term unemployment than 2008 recession

March 2, 2021

The number of residents in Canada who are facing long-term unemployment saw a steep rise towards the end of 2020. Being unemployed for 27 weeks is considered “long-term unemployment.” Canada saw an uptick in these numbers in September and October, 2020, following massive job losses in March and April when businesses closed to curb the spread of coronavirus. After 8 months, the COVID-19 pandemic has had greater rates of long-term unemployment than the 2008 recession.

Source: CIC News