RBC’s New Canadian Monthly Macroeconomic Series
In the second edition of The Economic Pulse, Dawn Desjardins, RBC’s Deputy Chief Economist takes a closer look at the fragmented recovery of the Canadian labour market and provides her outlook as Canada enters the second wave of the COVID-19 pandemic.
Key Takeaways
The rebound in job creation continues, but unsurprisingly is uneven – the hospitality, retail, and travel industries, where social distancing is challenging, continue to experience job losses.
Specific groups of the population have experienced a slower labour market recovery – this includes lower wage workers, new graduates and women.
While the recovery of the US labour market continued into October – it was not as strong as the underlying economic recovery.
Read our latest report, Canadian Women Continue to Exit the Labour Force, for a look into the growing divergence between Canadian men and women in the labour force
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