The Financial Accountability Office (FAO) has released a new report assessing the impact of the COVID-19 pandemic on labour markets in Ontario’s major cities.
Windsor has been the hardest hit city by pandemic-related job losses (-19.1 per cent) over the February to May period, particularly in its manufacturing sector. Employment also declined significantly in St. Catharines-Niagara (-15.6 per cent) and Thunder Bay (-15.2 per cent). In contrast, Guelph experienced the smallest relative job loss among Ontario cities with employment down 4.9 per cent.
Province-wide, employment fell by 64,500 jobs in May, adding to much larger job losses posted in March and April. Since the pandemic began in March, Ontario has experienced the sharpest pace of job loss among all the Canadian provinces.
Looking ahead, Ontario is likely to experience an increase in employment in June, reflecting the gradual reopening of the economy. However, given the different timing of the reopening across the province, the pace of job creation will vary among regions and cities.