(Photo by THE CANADIAN PRESS)

(Photo by THE CANADIAN PRESS)

March job losses just ‘a tiny snapshot’ of full impact of COVID-19: B.C. professor

Some sectors and demographics likely to be hardest hit

At least 132,000 people lost their jobs in B.C. last month, in what some are saying is just the first the blow to employment figures during the pandemic.

B.C.’s unemployment rate rose two per cent to 7.2 per cent, just behind the national rate of 7.8 per cent. Canada-wide, more than one million people lost their jobs in March.

“It’s not surprising but it certainly is alarming. What we’re seeing in only a tiny snapshot,” said Marjorie Griffin Cohen, professor emeritus of political science, gender and sexuality at Simon Fraser University.

Cohen said the March figures released Thursday (April 9) are already out of date, because many more layoffs and unemployment claims would have been been filed in April.

What both the B.C. and Canadian unemployment numbers hide, she said is that unemployment only measures people who are actively looking for work, versus the people who have given up looking for work amid the COVID-19 crisis.

The crisis has also led to bigger layoffs in sectors like the arts, hospitality and recreation, which employ more women, Cohen said.

“That accounts for what’s going on with women’s unemployment,” she added,.

According to Statistics Canada, 298,500 women aged 25 to 54 lost their jobs in Canada, totalling a five per cent drop. For men, that drop was two per cent, or 127,600 individuals. Overall, Cohen said the unemployment rate for men in Canada is 7.1 per cent, while it’s 8.7 per cent for women.

Many of the sectors that employ more women are also less likely to come roaring back, Cohen said. According to Restaurants Canada, 10 per cent of eateries have already closed for good.

“A lot of these service-oriented industries, restaurants, places [more] women tend to be employed… a lot of them will fold if this goes on for a long time,” she said.

“It will tend to be the areas where men are more employed, in the resources sector, that will improve.”

The other demographic at greater risk are minimum wage workers are part-time workers and young people.

“It’s really the low wage workers who are getting it this time… they are in areas that are usually paid poorly anyway,” she said, leading to less savings and less cushion to weather a financial crisis.

The benefits rolled out by the federal government will help, she said, even if ultimately it’s not enough.

“Not many people can live on $2,000 a month,” she said, especially in high cost of living places like Vancouver, Victoria or even Kelowna, especially if COVID-19 is around for the longterm.

“I think nobody is expecting anything approaching normalcy before the fall, if even then,” she said. “Unemployment’s going to grow a lot.”

The wage subsidy, which allows for some COVID-19 impacted companies to qualify up to 75 per cent of their employees’ salaries, could be lifeline, Cohen said.

“It will, particularly for small businesses… the 75 per cent subsidy for wages is enormous incentive to keep people on,” she said. “That may help, if the business can stay open.”

READ MORE: Canada lost 1,011,000 jobs in March, unemployment rate up to 7.8%

READ MORE: It could take 3 years for stock market to recover, says B.C. economist

READ MORE: 132,000 B.C. jobs lost just the start of COVID-19 impact, finance minister says


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Coronaviruseconomy

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

B.C. SPCA’s Wild Animal Rehabilitation Centre voted favourite non-profit in the 2020 Best of the WestShore Awards. (Facebook/Wild ARC)
Wild ARC in Metchosin voted favourite non-profit for second year in a row

The rehabilitation centre treated nearly 3,000 animals last year

The president and chief executive officer of BC Ferries promises additional reviews to help sustain BC Ferries. (Black Press Media File)
BC Ferries to review expenditures following 43 per cent passenger drop in 2020

Promise from CEO follows new figures showing significant decline in passengers

Shea Smith is one of three creators of The Homeless Idea podcast. (Kendra Crighton/News Staff)
Victoria podcasters talks homelessness first-hand

Three homeless Victoria residents created The Homeless Idea to give themselves a voice

(Courtesy of West Shore RCMP)
Second driver facing impaired charges after View Royal traffic stop leads to loaded firearms

West Shore RCMP stop swerving motorist and Saanich woman who came to pick her up

Local MLA Adam Olsen, a member of the Tsartlip Nation, here seen before the 2020 provincial election, said a new report finding “widespread systemic racism against Indigenous people” in the provincial health care system does not surprise Indigenous people. (Hansard TV)
MLA, Tsartlip member says ‘silo’ approach won’t work dealing with racism in health care

Adam Olsen calls for comprehensive approach in dealing with systemic racism

A B.C. Ambulance Service paramedic wearing a face mask to curb the spread of COVID-19 moves a stretcher outside an ambulance at Royal Columbia Hospital, in New Westminster, B.C., on Sunday, November 29, 2020. THE CANADIAN PRESS/Darryl Dyck
B.C. records deadliest weekend of COVID-19 pandemic with 46 deaths; more than 2,300 cases

Provincial health officer Dr. Bonnie Henry provides COVID-19 update

Fossil finds at Mt. Stephen. (Photo: Sarah Fuller/Parks Canada)
Extreme hiking, time travel and science converge in the Burgess Shale

Climb high in the alpine and trace your family tree back millions of years – to our ocean ancestors

Kettle bells sit aligned in an indoor fitness studio. (PIxabay.com)
1 COVID-19 case at a B.C. fitness studio leads to 104 more infections, 6 school exposures

According to case data released by Fraser Health, one case of the novel coronavirus carries a big impact

Vehicles drive past a display thanking essential workers in Burnaby, B.C. on Sunday, Nov. 29, 2020. THE CANADIAN PRESS/Marissa Tiel
B.C. changing COVID-19 case reporting as virus spread continues

Manual counting takes more time, leads to errors

Black Press Media and BraveFace have come together to support children facing life-threatening conditions. Net proceeds from these washable, reusable, three-layer masks go to Make-A-Wish Foundation BC & Yukon.
Put on a BraveFace: Mask fundraiser helps make children’s wishes come true

From Black Press Media + BraveFace – adult, youth and kid masks support Make-A-Wish Foundation

Christy Jordan-Fenton is the co-author of the book Fatty Legs, which has been mentioned amid the controversy of an Abbotsford school assignment on residential schools.
Co-author of residential schools book condemns controversial Abbotsford class assignment

Children’s book mentioned amid controversy at W. A. Fraser Middle School

Kootenay East MLA Tom Shypitka takes over as energy and mines critic for the B.C. Liberal opposition. Kelowna-Lake Country MLA Norm Letnick (right) moves from health critic to assistant deputy speaker. (Hansard TV)
B.C. Liberals pick critics to take on Horgan’s NDP majority

Interim leader Shirley Bond takes seniors, long-term care

Deputy Prime Minister and Minister of Finance Chrystia Freeland listens to a question from a reporter on the phone during a news conference in Ottawa, Monday, Nov. 30, 2020. THE CANADIAN PRESS/Adrian Wyld
Spending too little worse than spending too much, Freeland says as Canada’s deficit tops $381B

‘The risk of providing too little support now outweighs that of providing too much’

Left to right: A screenshot of NTC nurse navigator Lesley Cerney, FNHA regional mental health manager Georjeana Paterson and Island Health’s medical health officer Dr. Charmaine Enns addressing Ehattesaht community members from Ehatis reserve in a Facebook live update. (Ehattesaht First Nation/Facebook)
Medical team sent to Ehatis reserve near Zeballos to guide community through COVID outbreak

17 cases, eight recoveries and no hospitalizations as Island Health praises First Nation’s response

Most Read