Economics
Canada’s Jobs Market Recovery Could Be Stalling Already
- Bloomberg poll finds that only 30% of Canadians re-employed
- June labor force data due Friday might not capture slowdown
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Canada’s jobs market may be stalling only two months into its rebound.
A Bloomberg News poll taken at the end of June by Nanos Research found that only 30% of Canadians who either lost their job or were working reduced hours because of the pandemic were reemployed or working more. That’s little changed from a month earlier. The latest job posting data from Indeed Canada also reinforce the idea that new hiring stalled in the first week of July.