A Spotlight on the Labour Market: An Uneven Recovery
By
Dawn Desjardins
Published November 18, 2020
|
7 min watch
In the second edition of The Economic Pulse, Dawn Desjardins, RBC’s Chief Deputy 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.
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 a strong as the underlying economic recovery.
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Dawn Desjardins
Vice President, Deputy Chief Economist at RBC Royal Bank
Dawn Desjardins joined the Royal Bank Economics team in January 2006 as a senior economist. She is responsible for the macroeconomic and interest rate forecasts for Canada and the U.S. Previously, Dawn worked as a reporter for Bloomberg Financial News in Toronto covering the Canadian bond and currency markets. She was also the Canadian bond market strategist for a major U.S. bank for ten years. Dawn is a graduate of the University of Toronto.
CanadaEconomicsEconomy
