Wood Buffalo-Cold Lake Loses Around 3,000 Jobs in April, Biggest Loss in 20 Years

The RMWB is seeing its worst job loss month over month in the past 20 years.

According to Statistics Canada’s latest labour force survey, Wood Buffalo-Cold Lake lost around 3,000 jobs in April.

This after losing 500 jobs in March.

The loss in jobs is mainly due to the COVID-19 pandemic which has cost around three million Canadians their positions.

The accommodation and food services took the biggest hit, losing around 600 spots.

The health care and social assistance, wholesale and retail trade, and construction sectors decreased by roughly 500 positions.

The only two sectors to see a rise in jobs were educational services, around 100 spots, and the forestry, fishing, mining, quarrying, oil and gas sector which added around 500 positions.

Meanwhile, the unemployment rate rose from 6.3 per cent to 7.9 per cent.

Provincially and federally, the unemployment rate also increased from last month – sitting at 13.4 per cent and 13.0 per cent respectively.

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