As grocery prices set records and as Canadians report less than two months of savings, women between the ages of 55 and 64 are entering the workforce at record levels.
Statistics Canada released its Labour Force Survey on Friday, showing six-in-ten Canadian women aged 55 to 64 were employed in February – breaking a Canadian record, which was broken the month before.
“This was up 1.2 percentage points from the preceding high reached in January (59.6%),” Statistics Canada wrote.
A net of 30,000 of these women joined the workforce, accounting for nearly all the increase of employment in the age bracket.
The total of working men in the bracket was relatively unchanged – hovering just under January’s 70.5% level, which marked the highest since 1981.
As Canadians continue to struggle to make ends meet, the Trudeau government is expected to table the 2023 federal budget on March 28th, which will outline the government’s plan to weather the economic crisis.