The Staggering Job Loss of the Pandemic

The Staggering Job Loss of the Pandemic
A cyclist rides past closed stores on Robson Street in Vancouver on May 6, 2020. The Canadian Press/Darryl Dyck
Shane Miller
Updated:

Philip Cross, who spent part of his 36 years at Statistics Canada as chief economic analyst, thought the job losses during the 2008 global financial crisis were off the charts. But the losses amid the pandemic have beaten that by a long shot.

“I was at StatsCan in 2009, and I thought it was insane that we lost 100,000 jobs. And the losses now are even more staggering,” Cross, now a senior fellow at the Macdonald Laurier Institute (MLI), said in an interview.