Benchmarks for assessing labour market health

Erik Ens, Corinne Luu, Kurt See and Shu Lin Wee

No 2022-2, Staff Analytical Notes from Bank of Canada

Abstract: We propose a range of benchmarks for assessing labour market strength for monetary policy. This work builds on a previous framework that considers how diverse and segmented the labour market is. We apply these benchmarks to the Canadian labour market and find that it has more than recovered from the COVID-19 shock.

Keywords: Business fluctuations and cycles; Coronavirus disease (COVID-19); Econometric and statistical methods; Labour markets; Monetary policy (search for similar items in EconPapers)
JEL-codes: E E2 E24 J J2 J21 J6 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2022-04
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (1)

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