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

Firefighters and RCMP are on scene at a fire on Douglas Street. (Jocelyn Doll - Revelstoke Review)
PHOTOS: Firefighters battling blaze on Douglas Street

RCMP are also on scene and blocking off access to the street

COVID-19. (Image courtesy CDC)
Interior Health reports 18 COVID-19 cases, highest daily count since July

The total of COVID-19 cases in the region is now at 662

A Kelowna clinic decided to immunize their patients in a drive-thru flu clinic earlier this month. (Twila Amato - Black Press Media)
Interior Health anticipates increase in flu vaccinations this season

Some 300,000 doses of flu vaccine ready for distribution across Southern Interior

Zuzana Riha’s last exhibition at the Revelstoke Visual Arts Centre was in October 2018. She has another coming up in November 2020. (Jocelyn Doll/Revelstoke Review)
Revelstoke gallery exhibition opening coming Nov. 5

The November show will feature Zuzana Riha in the main gallery

Snowfall in the Okanagan shatters records. (Contributed)
Snowfall in Okanagan breaks records dated back to 1899

Penticton has received over 10 cm today, surpassing the 8 cm record set in 1957

B.C. provincial health officer Dr. Bonnie Henry gives a daily briefing on COVID-19 cases at an almost empty B.C. Legislature press theatre in Victoria, B.C., on March 25, 2020. (Don Craig/B.C. government)
B.C. sees 223 new COVID-19 cases, now 2,009 active

Two new care home outbreaks in Surrey, Burnaby

Canada’s Chief Public Health Officer Theresa Tam responds to a question during a news conference Friday October 23, 2020 in Ottawa. Canada’s top physician says she fears the number of COVID-19 hospitalizations and deaths may increase in the coming weeks as the second wave continues to drive the death toll toward 10,000. THE CANADIAN PRESS/Adrian Wyld
Canada’s top doctor warns severe illness likely to rise, trailing spike in COVID-19 cases

Average daily deaths from virus reached 23 over the past seven days, up from six deaths six weeks ago

Voters are saying they felt safe voting in person despite the current pandemic. (Phil McLachlan - Capital News)
Central Okanagan voters talk about their pandemic election experience

Despite an election taking place during COVID-19, residents said they felt safe voting in person

Cole Collingwood casts his mock ballot at Vernon’s Mission Hill Elementary School ahead of the provincial election Oct. 24, 2020. (Brendan Shykora - Morning Star)
PHOTOS: Okanagan students cast mock election ballots

At Mission Hill Elementary, the election is a chance to learn about the democratic process

Thanks to efforts by a Kelowna shelter and Elections BC, anyone who wishes to can vote in the 2020 BC Provincial Election, even if they don’t have a fixed address. (THE CANADIAN PRESS/Darryl Dyck)
Kelowna group ensures people experiencing homelessness can vote

Shelter supervisor says voting ‘a fundamental right’ even for those without a fixed address

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

(Big White Ski Resort photo)
Big White receives 21 cm of snow in 24 hours

Resort’s snow base 41 cm deep, one month until opening day

The deer were allegedly shot within Princeton town limits, late at night. Black Press File Photo.
Armed man, in full camouflage, allegedly shoots deer in downtown Princeton

‘The list of charges goes on and on,’ said RCMP Sgt. Rob Hughes

Most Read