Economics
Jobs Recovery in Canada Set to Stall in Final Weeks of 2020
- Economists see employment growth grinding to halt in November
- That’s after average monthly gain of 400,000 since April
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After a rally that saw it recover more than three quarters of the jobs lost early in the pandemic, Canada’s labor market rebound is coming to a halt.
That’s the broad consensus among economists in a Bloomberg survey, who predict the nation added just 20,000 new jobs in November, a fraction of the average monthly gain of almost 400,000 created since the economy’s collapse in April. That would leave employment well below pre-pandemic levels. Statistics Canada releases official figures Friday at 8:30 a.m. in Ottawa.