The job market may stall by the fall
Total job postings in Canada stands at 30 per cent below 2019 levels last week, according to Indeed Canada, the recruitment site that gleaned its own data.
Job postings for driving and administrative assistance positions are up nearly 25 per cent from early May, according to the website’s data. Construction, loading and stocking positions also jumped nearly 35 per cent in the same period. The recovery is being led by lower paying jobs, as higher paying jobs were less affected during the pandemic.
Around 10 million Canadians, or roughly half the labour force continues to depend on either the Canada Emergency Response Benefit and Canada Emergency Wage Subsidy . “While the rebound has been robust, the recovery will lose steam soon as by early fall as job growth slows to about 80,000 per month by year-end and then further decelerates until it settles at a more sustainable pace. Consequently, we think Canada won’t fully recoup its pre-virus level of employment until late 2022,” Stillo noted.
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