Waiting for Recovery: The Canadian Labour Market in June 2020

Stephen R.G. Jones, Fabian Lange, W. Craig Riddell and Casey Warman
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Stephen R.G. Jones: McMaster University

No 17-2020, Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: The Canadian labour market is currently emerging from a holding pattern with unusually high numbers in temporary (or “recall”) unemployment, those “employed but absent from work” for unspecified reasons, or not in the labour force while waiting to be recalled. Two encouraging signs are evident. New postings of vacancies have recovered from 50% percent to about 80% of their pre-crisis level. Also, data suggest that the increase in employment in May 2020 is due to some of those waiting to be recalled re-entering employment. These patterns suggest that a reasonably quick rebound of the labour market may be possible. Warning signs are that the shares of the unemployed without job attachment as well as those on recall engaged in job search are beginning to increase.

Keywords: COVID-19; vacancies; unemployment; employment (search for similar items in EconPapers)
JEL-codes: J21 J22 J23 J63 (search for similar items in EconPapers)
Date: 2020-06
New Economics Papers: this item is included in nep-lma
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Citations: View citations in EconPapers (13)

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Journal Article: Waiting for Recovery: The Canadian Labour Market in June 2020 (2020)
Working Paper: Waiting for Recovery: The Canadian Labour Market in June 2020 (2020)
Working Paper: Waiting for Recovery: The Canadian Labour Market in June 2020 (2020)
Working Paper: Waiting for Recovery: The Canadian Labour Market in June 2020 (2020)
Working Paper: Waiting for recovery: The Canadian labour market in June 2020 (2020)
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