One-fifth of businesses are worried they may face layoffs in the next 12 months
The number of weekly applications for jobless aid has fallen by more than half since January
Employment in service industries largely accounts for the disparity
U.S. unemployment aid fell to a new pandemic low of 444,000 last week
Paying attention to advisor feedback remains crucial for firms
The recovery of America's job market hit a pause last month
Canada's unemployment rate jumped to 8.1% as the country posted 207,000 job losses in April, according to StatsCan
Unemployment aid applications in the U.S. fell to 547,000 last week
There were employment gains in sectors that were hardest-hit by public health restrictions
Job openings in healthcare jumped, while vacancies in gyms and restaurants plunged