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)

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

North Cowichan strengthens some COVID-19 safety protocols, and introduces new ones, as the pandemic enters ts second phase. (File photo)
North Cowichan and CVRD implementing new COVID rules

Municipality reacting to new public health orders

Search and rescue crews from all over Vancouver Island responded to calls to assist with the search for a 19 year-old man with medical issues who got lost on trails in the south end of Duncan on Nov. 21. The man was found Sunday morning and taken to hospital for assessment. (Submitted photo)
Duncan man rescued after getting lost on local trails

19-year-old taken to hospital for assessment

Duncan’s Knights of Columbus hand out cheques to a slew of deserving organizations in an online event Nov. 8, 2020. (Submitted)
Duncan Knights of Columbus hand cheques to lucky 13 in virtual event

Another historic first for the Knights was to have two area mayors join the presentation

Changes to the holidays due to COVID-19 will be a challenge for people with dementia. (Shalu Mehta/News Staff)
Webinars aim to help those with dementia approach holidays

“The holidays can present difficulties for people living with dementia for a multitude of reasons”

People wearing face masks to help curb the spread of COVID-19 cross a street in downtown Vancouver, on Sunday, November 22, 2020. The use of masks is mandatory in indoor public and retail spaces in the province. THE CANADIAN PRESS/Darryl Dyck
B.C. reports 17 COVID deaths, 1,933 new cases as hospitalizations surge over the weekend

There are 277 people in hospital, of whom 59 are in ICU or critical care

An aerial shot of Cedar Valley Lodge this past August, LNG Canada’s newest accommodation for workers at the project site in Kitimat. This is where several employees are isolating after a COVID-19 outbreak was declared last Thursday (Nov. 19). (Photo courtesy of LNG Canada)
Forty-one positive COVID-19 cases associated with the LNG Canada site outbreak in Kitimat

Thirty-four of the 41 cases remain active, according to Northern Health

Firefighters try to put out a structure fire on the Island Highway in Nanoose Bay early Saturday morning. (Nanoose Bay Volunteer Fire Department photo)
Horses in nearby stable saved as building burns down in Nanoose Bay

Firefighters called out in the early-morning hours Saturday

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Brenda Schroeder thought she was reading it wrong when she won $100,000 from a Season’s Greetings Scratch & Win. (Courtesy BCLC)
New home on the agenda after scratch ticket win in Saanich

Victoria woman set to share her $100,000 Season’s Greetings lottery win

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Workers arrive at the Lynn Valley Care Centre seniors home, in North Vancouver, B.C., on Saturday, March 14, 2020. It was the site of Canada’s first COVID-19 outbreak in a long-term care facility. THE CANADIAN PRESS/Darryl Dyck
Rapid tests ‘not a panacea’ for care homes, Dr. Bonnie Henry says

B.C. lacks capacity for daily tests of thousands of workers

(Delta Police Department photo)
Cannabis edibles found in Halloween bag lead B.C. police to illegal lab

Delta police arrested a man and a woman while executing a warrant at a residential property Nov. 20

A woman being arrested at a Kelowna Value Village after refusing to wear a mask on Nov. 22.(@Jules50278750/Twitter)
VIDEO: Woman arrested for refusing to wear mask at Kelowna Value Village

RCMP claims the woman was uncooperative with officers, striking them a number of times and screaming

Most Read