Economics

Monster Jobs Report Boosts Canada, But It Hasn’t Fully Healed

Job market still 400,000 short of pre-pandemic trend line
BoC says rebound incomplete until jobs match population growth

A worker inspects running shoes at a Sports Expertss store on Sainte-Catherine street in Montreal, Quebec, Canada, on Wednesday, Oct. 6, 2021. The Quebec economy is bouncing back faster than was anticipated six months ago, raising the prospect of a smaller budget deficit even as the government faces new expenses to weather the pandemic, the province's finance minister said.Photographer: Graham Hughes/Bloomberg

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By Erik Hertzberg

October 8, 2021 at 4:58 PM UTC

This article is for subscribers only.

Canada now has roughly as many employed workers as it did in February 2020, but it still has some catching up to do.

That’s because the 157,100 positions added in September were more than enough to return Canada to pre-Covid employment levels but short of the pre-pandemic trend line for job growth for the last 18 months.