Job Market Monitor
COVID
COVID and Youth in Canada – Facing career “scarring” and learning losses post-pandemic
Canada’s youth face career scarring and learning losses post-pandemic, according to a new report released by the C.D. Howe Institute. In “Lives Put on Hold: The Impact of the COVID-19 Pandemic on Canada’s Youth,” authors Parisa Mahboubi and Amira Higazy find that youth were disproportionally affected by work and education disruptions, which if left unaddressed, … Continue reading
COVID and Immigration in US – Number of visas for legal permanent residence fell 48 percent
The COVID-19 pandemic both revealed the ways in which the lives of the U.S. born and immigrants are interconnected and exposed the country’s social and economic divides. As the health crisis disrupted the food supply chain and the economy overall, the public gained new awareness of the contributions of foreign-born workers. Even as immigrants working … Continue reading
COVID-19 Lockdowns and Jobs in Europe – ‘Furloughed’ workers accounted for around two-thirds of the decline in hours worked at the height of the crisis
The [Coronavirus Disease 2019] COVID-19 pandemic closed or limited many economic activities in 2020, with far-reaching impacts on the labour market. Employment losses at the outset of the pandemic were sharper than those experienced during the global financial crisis. Even greater declines in hours worked arose as a result of the widespread state-supported furloughing of … Continue reading
Covid and Gender Gap in US – Some workforce disparities grew
The COVID-19 recession resulted in a steep but transitory contraction in employment, with greater job losses among women than men. The recovery began in April 2020 and is not complete. As of the third quarter of 2021, the labor force ages 25 and older remains nearly 2 million below its level in the same quarter … Continue reading
Covid au Canada – L’aide du gouvernement a atténué les effets dans le secteur du divertissement et des loisir
L’industrie du divertissement et des loisirs a été touchée par les restrictions mises en place pour limiter la propagation de la COVID-19. En 2020, les revenus d’exploitation combinés des entreprises de cette industrie ont chuté de 19,9 % pour atteindre 9,9 milliards de dollars, et le produit intérieur brut (dollars enchaînés de 2012) de l’industrie a reculé de 35,6 %. Cependant, la baisse … Continue reading
COVID and the Labour Market in Europe – Temporary workers were disproportionately affected
The COVID-19 pandemic closed or limited many economic activities in 2020, with far-reaching impacts on the labour market. Employment losses at the outset of the pandemic were sharper than those experienced during the global financial crisis. Even greater declines in hours worked arose as a result of the widespread state-supported furloughing of workers. The physical … Continue reading
Covid in Canada – The Worker Lockdown Benefit
Canada is on the road to economic recovery and employment is now back to pre-pandemic levels. This is thanks to the resilience of employers and hard work of Canadians. The government is making adjustments to pandemic income support programs to reflect the new phase of the recovery. The government is moving from broad-based programs to … Continue reading
The COVID Retirement Boom – Over 3 million excess retirements says St-Louis Fed
The labor force participation rate1 registered its largest drop on record in 2020, falling from 63.2 percent in the fourth quarter of 2019 to 60.8 percent in the second quarter of 2020.2 By the second quarter of 2021, the rate had recovered slightly, to 61.6 percent, but was still 1.6 percentage points below its pre-pandemic … Continue reading
Labour Market Recovery after Covid in Canada – How broad the reach of it will be is very much an open question
The Canadian labor market experienced a period of unprecedented turmoil following the onset of the COVID-19 pandemic. We analyze the main changes using standard labor force statistics and new data on job postings. Envisaging a phase of temporary severing of employment relationships followed by a phase of more standard labor market search and matching, we … Continue reading
COVID-19 Recession in Canada – The C.D. Howe Institute Business Cycle Council declares the end of it
The C.D. Howe Institute’s Business Cycle Council, Canada’s main arbiter of business cycle dates, has declared an end to the COVID-19 recession. The Council decided on August 9 to declare an end to the recession that began in March 2020. It judged that the recovery from the recession is now prolonged and sustained enough to … Continue reading
Pandemic UI in US – Ending it increased employment by 4.4 pp while reducing UI recipiency by 35 pp
In June 2021, 22 states ended all supplemental pandemic unemployment insurance (UI) benefits, eliminating benefits entirely for over 2 million workers and reducing benefits by $300 per week for over 1 million workers. Using anonymous bank transaction data and a difference-in-differences research design, we measure the effect of withdrawing pandemic UI on the financial and … Continue reading
Covid and Working from Home in Canada – 30% of employees aged 15 to 64
Working from home: a new experiment for many Canadian workers and employers The COVID-19 pandemic has changed the work location of thousands of Canadian workers. From April 2020 to June 2021, 30% of employees aged 15 to 64 who worked during the Labour Force Survey (LFS) reference week had performed most of their hours from … Continue reading
COVID et Jeunes au Canada – Les taux d’emploi ont diminué considérablement de 2019 à 2020
Alors que la pandémie de COVID-19 perturbait le marché du travail canadien, les taux d’emploi des jeunes hommes et jeunes femmes ont diminué considérablement de 2019 à 2020, davantage que ceux des Canadiens plus âgés. Les jeunes femmes qui n’étaient pas aux études à temps plein ont vu leur taux d’emploi diminuer d’environ 8 points de pourcentage, passant de 78,8 % en 2019 à 71,0 % en 2020. … Continue reading
Covid and Business Cycle Dating in US – A trough in monthly economic activity occurred in the US economy in April 2020 says NBER’s Committee
The Business Cycle Dating Committee of the National Bureau of Economic Research maintains a chronology of the peaks and troughs of US business cycles. The committee has determined that a trough in monthly economic activity occurred in the US economy in April 2020. The previous peak in economic activity occurred in February 2020. The recession … Continue reading
Beveridge Curve and Covid in US – It has shifted substantially outward since the start of the pandemic
The ratio of job vacancies to hiring is at an all-time high, and in line with the hiring difficulties highlighted by many employers. The Beveridge Curve, which captures the negative relationship between the job opening rate and the unemployment rate, has shifted substantially outward since the start of the pandemic. As a result, a given … Continue reading
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