Surrey Business News

25,000 Job Losses In­di­cated in Oc­to­ber Sur­rey Labour Mar­ket In­tel­li­gence Re­port

– How­ever, some in­dus­tries es­ti­mated to ac­tu­ally have a higher level of em­ploy­ment than Fe­bru­ary 2020.

- FULL SUR­REY LABOUR MAR­KET IN­TEL­LI­GENCE RE­PORT: busi­nessin­sur­rey. com/work­force-sup­port/ labour-mar­ket-in­tel­li­gence Business · Canada News · Employment · Infectious Diseases · Society · Health Conditions · Surrey · Vancouver · British Columbia

The Sur­rey Board of Trade Rapid Re­sponse Busi­ness Cen­tre re­leased its 2nd Sur­rey Labour Mar­ket In­tel­li­gence Re­port on Covid-19-re­lated im­pacts.

“This is the only Sur­rey­fo­cused labour mar­ket re­port to in­form de­ci­sion-mak­ing and plan­ning on re­cov­ery and re­silience,” said Anita Hu­ber­man, CEO, Sur­rey Board of Trade.

“While Sur­rey has re­cov­ered over an es­ti­mated 12,000 jobs from July to Septem­ber, the pan­demic still leaves the Sur­rey econ­omy with 25,000 fewer jobs than in Fe­bru­ary 2020. This -8.5% de­cline is still cause for con­cern as our small busi­nesses con­tinue to struggle. How­ever, eco­nom­i­cally and in com­par­i­son to other Metro Van­cou­ver cities and re­gions, Sur­rey will weather the pan­demic’s storm as we see some in­dus­tries and some job cat­e­gories ac­tu­ally hav­ing a higher level of em­ploy­ment than in pre-pan­demic times.”

HIGH­LIGHTS FOR SUR­REY:

• Over­all, Sur­rey has lost over an es­ti­mated 25,000 jobs (8.5% of jobs) since Fe­bru­ary 2020. Since the end of July, Sur­rey has re­cov­ered over an es­ti­mated 12,000 jobs, with the great­est job losses in March and April.

• Ad­di­tional losses, at a slower rate, were in­curred be­tween May and July, how­ever, a sim­i­lar num­ber of jobs were re­cov­ered in Au­gust and Septem­ber.

• The great­est gains in em­ploy­ment in Sur­rey, since Fe­bru­ary 2020, are es­ti­mated to be in the Util­i­ties (over 61%) and Nat­u­ral Re­sources (ap­prox­i­mately 20%) in­dus­tries.

• Most in­dus­tries in Sur­rey saw a gain in Au­gust/ Septem­ber, com­pared to July 2020, with the ex­cep­tions of: Nat­u­ral Re­sources; Con­struc­tion; Ed­u­ca­tional

Ser­vices; and Health Care & So­cial As­sis­tance.

• The great­est em­ploy­ment losses by oc­cu­pa­tion in

Sur­rey were in the fol­low­ing cat­e­gories: Sales & Ser­vices; Ed­u­ca­tion, Law & So­cial, Com­mu­nity and Gov­ern­ment Ser­vices; and Trades, Trans­port & Equip­ment Oper­a­tors.

• Though Nat­u­ral

Re­sources and Agri­cul­ture saw an es­ti­mated loss of over 1,000 em­ploy­ees in Au­gust/septem­ber, over­all oc­cu­pa­tions in this sec­tor in Sur­rey saw a gain of 33.9% since Fe­bru­ary.

• While there has been a huge im­pact, some in­dus­tries and some oc­cu­pa­tional cat­e­gories are es­ti­mated to ac­tu­ally have a higher level of em­ploy­ment than Fe­bru­ary 2020 (prepan­demic). Those in­dus­tries in­clude:

- Util­i­ties, up over 61% in Sur­rey;

- Nat­u­ral Re­sources, up over 19% as an in­dus­try in Sur­rey; - And, Man­u­fac­tur­ing oc­cu­pa­tions, up by over 20%.

• In­di­vid­u­als in Canada most im­pacted by the pan­demic have been:

- The great­est job loss, by age, is faced by those aged 15 to 24 years old.

- Fe­male em­ploy­ees are im­pacted more greatly than male em­ploy­ees by job loss. - Non-union work­ers are im­pacted more than union work­ers.

- In BC, women have fared bet­ter than their coun­ter­parts in Canada, over­all.

- Women in BC have seen a sig­nif­i­cant in­crease in jobs in the Goods-pro­duc­ing sec­tor (26%).

- Em­ploy­ment losses for men in BC are greater than those for men in Canada, over­all.

• Busi­nesses and in­dus­tries in Canada, most af­fected by the pan­demic have been: - Busi­nesses that are owned in ma­jor­ity by First Na­tions, Metis or Inuit own­ers show that they dou­bled the Cana­dian av­er­age of busi­nesses that have laid off more than 50% of their staff. - The Fi­nance and In­sur­ance in­dus­tries were the least af­fected by lay­offs.

- The In­dus­tries in which the most busi­nesses laid-off 50% or more of their staff are:

• Ad­min­is­tra­tive & sup­port, waste man­age­ment & re­me­di­a­tion ser­vices (26%)

• Arts, En­ter­tain­ment & Recre­ation (38%)

• Ac­com­mo­da­tion & Food Ser­vices (48%)

• Health Care & So­cial As­sis­tance (20%).

 ??  ?? Anita Hu­ber­man Sur­rey Board of Trade
Anita Hu­ber­man Sur­rey Board of Trade
 ??  ?? Kerry Jothen
Hu­man Cap­i­tal Strate­gies
Kerry Jothen Hu­man Cap­i­tal Strate­gies

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