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Waiting for Recovery: The Canadian Labour Market in June 2020

Stephen R.G. Jones, Fabian Lange (), W. Craig Riddell () and Casey Warman ()

CIRANO Working Papers from CIRANO

Abstract: The Canadian labour market is currently emerging from a holding pattern with un- usually 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 re- bound 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. Le marché du travail canadien émerge actuellement d'un modèle de maintien avec un nombre généralement élevé de chômeurs temporaires (ou "de rappel"), de personnes "employées mais absentes du travail" pour des raisons non spécifiées, ou qui ne font pas partie de la population active en attendant d'être rappelées. Deux signes encourageants sont évidents. Les nouvelles publications de postes vacants sont passées de 50 % à environ 80 % de leur niveau d'avant la crise. De plus, les données suggèrent que l'augmentation de l'emploi en mai 2020 est due au fait que certains de ceux qui attendent d'être rappelés ont retrouvé un emploi. Ces tendances suggèrent qu'un retour raisonnablement rapide sur le marché du travail pourrait être possible. Les signes avant-coureurs sont que la part des chômeurs sans lien avec l'emploi ainsi que celle des personnes en attente de rappel engagées dans la recherche d'un emploi commencent à augmenter.

JEL-codes: J21 J22 J23 J63 (search for similar items in EconPapers)
Date: 2020-06-15
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

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Working Paper: Waiting for Recovery: The Canadian Labour Market in June 2020 (2020) Downloads
Working Paper: Waiting for Recovery: The Canadian Labour Market in June 2020 (2020) Downloads
Working Paper: Waiting for Recovery: The Canadian Labour Market in June 2020 (2020) Downloads
Working Paper: Waiting for recovery: The Canadian labour market in June 2020 (2020) Downloads
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Handle: RePEc:cir:cirwor:2020s-37