Finally, the Canadian labour market feels a bit more normal. The 15k jobs created in April were in line with the pre-Covid pace of hiring. The level of employment is more or less where it would have been if Covid hadn’t happened. Ditto for the unemployment rate, the participation rate, and many other labour market variables that only economists get excited about. But, as usual, the headline numbers mask plenty of interesting stuff. Behind the scenes, Covid has triggered a transformation of historic proportions in the composition of the Canadian labour market.
Read More: https://drive.google.com/file/d/1BqRzXAaYtjJChHkJQ4eLDmt81TFrasR6/view?usp=sharing