Just over a third of Canadian workers, especially younger ones, fear losing their jobs over the next four weeks because of COVID-19. (THE CANADIAN PRESS/Justin Tang)

More than a third of Canadian workers fear losing their job because of COVID-19

Workers aged 25 to 54 recorded the greatest drop in employment from February to March

Just over a third of Canadian workers, especially younger ones, fear losing their jobs during the next month because of COVID-19 and just under a third say the current pandemic will have a “moderate or major impact” on their ability to pay bills.

Those figures emerge from a Statistics Canada survey answered by more than 4,600 people from all provinces between March 29 to April 3.

As the accompanying report says, the economic shutdown associated with COVID-19 has had a “sudden and dramatic impact” on the Canadian labour market as employment declined by more than one million from February to March. More than two million Canadians remained employed but worked less than half their usual hours, including zero hours, during the week of March 15 to 21.

Not surprisingly, concerns among Canadian workers about job security is high as more than one third (34.5 per cent) of Canadian workers expressed worry they might lose their job or main source of self-employment income in the next four weeks.

RELATED: Canada lost more than a million jobs in March, but April may be even worse

“Youth aged 15 to 24 (41.8 per cent) were more likely than those in the core working ages of 25 to 54 (33.8 per cent) or those aged 55 and older (33.2 per cent) to feel insecure about their continued employment,” it reads. Workers aged 25 to 54 recorded the greatest drop in employment from February to March.

According to Statistics Canada, nearly three in 10 (29 per cent) Canadians say the COVID-19 situation is having a moderate or major impact on their ability to meet financial obligations or essential needs such as rent or mortgage payments, utilities and groceries. About 24 per cent said it was too soon to tell, while just under half (47.2 per cent) reported minor or no impact. During the time of the survey, the federal government had waived the one week waiting period for Employment Insurance and the new Canada Emergency Response Benefit was not yet available though Ottawa had announced it.

The data once again shows an age gap with older Canadians, including those already retired, less concerned.

“Canadians aged 55 and older were least likely to report a moderate or major impact on their ability to meet financial obligations or essential needs (19.3 per cent), compared with youth (31 per cent) and core-aged people (35.9 per cent),” it reads. “This was mostly driven by the fact that older people are less likely to be employed. Among the employed, there was little difference in this proportion across age groups.”

The survey also finds people who report greater uncertainty about being able to pay bills also report poorer mental health.

The share of Canadians reporting fair or poor mental health (as opposed to good, very good, or excellent) was twice as high among Canadians for whom COVID-19 is having a moderate or major impact on their ability to meet financial obligations or essential needs (25.2 per cent) than among those for whom there is little to no financial impact (12.8 per cent).


Like us on Facebook and follow @wolfgang_depner

wolfgang.depner@peninsulanewsreview.com

Coronavirus

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

Just Posted

First Police Board meeting Thursday a ‘pivotal moment’ in Surrey’s history, mayor says

The 10 a.m. “virtual” meeting Aug. 6 will be live-streamed and details on tuning in will be available at surrey.ca/policeboard

BC ACORN report calls on Surrey to help renters

Report contains steps on how the City of Surrey can “ease” the city’s housing crisis

Parking facility for 100 trucks coming to North Surrey at cost of $30M

‘It’s often difficult to find suitable parking for large transport trucks,’ says association boss

Keno machine shutdown was no tech glitch, it was $50K prize for Surrey woman

Ticket checked at the Panorama Shell store in Surrey

B.C. records 146 new COVID-19 cases through long weekend

More that 28 people tested positive for the virus each day since Friday

Canucks tame Minnesota Wild 4-3 to even NHL qualifying series

J.T. Miller leads Vancouver with goal and an assist

COVID-19 vaccine efforts provide hope but no silver bullet to stop pandemic: Tam

There are more than two dozen vaccines for COVID-19 in clinical trials around the world

Staff member tests positive for COVID-19 at Maple Ridge Seniors Village

Fraser Health is on site implementing outbreak protocols at the seniors care facility

Two people die in propane heated outdoor shower near Princeton

Couple was attending a long weekend gathering

Study shines light on what makes LGBTQ+ youth feel safe in a community

The study goes beyond looking at school or family supports

Alberta to require masks at schools this fall, but still no mandate in B.C.

B.C. students are also set to return to classrooms in September

Gangster Jarrod Bacon released from prison for third time

Parole board continues to express concerns about Bacon’s behaviour

B.C. to allow customers to buy cannabis online for in-store pickup at private shops

Age verification will still be required inside the store

Most Read