This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on household income and employment. For an overview of all major components of the economy, go to the Canadian Outlook main page.
Hurdles Remain as the Recovery Finally Rounds the Corner: Canada’s Two-Year Household Income and Employment Outlook
Hurdles Remain as the Recovery Finally Rounds the Corner: Canada’s Two-Year Household Income and Employment Outlook
Business and Household Indicators
Canadian Economic Analysis
$225.00
- After a stalled recovery in early 2021, employment growth is expected to take off in the second half of the year, adding over 500,000 jobs.
- Employment growth will be concentrated in high-contact services that have suffered under the weight of public health measures.
- As the economy reopens, there are several factors that may create headaches for firms looking to recruit workers.
- Recovery of participation rates among women remains a central challenge to the labour market recovery.
- Among service industries, a positive correlation between wage level and the extent of the employment recovery has emerged.
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