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ARTICLE · 17 JUNE 2022

The Labour Market: Shortages, Uncertainty And Transitions

Bennett Jones LLP
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Two underlying themes for the Spring 2022 Bennett Jones Economic Outlook are supply shortages and economic uncertainty. These themes also resonate in analyzing developments and prospects...

CanadaEmployment and HR
Bennett Jones LLP
Bennett Jones LLP
Carl Cunningham
Carl Cunningham
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Two underlying themes for the Spring 2022 Bennett Jones Economic Outlook are supply shortages and economic uncertainty. These themes also resonate in analyzing developments and prospects in the Canadian labour market more than two years after the outbreak of COVID.

Jobs recovery in Canada since the COVID lockdowns has been strong. The number of employed Canadians in May was nearly 500,000 greater than its pre-COVID level. The unemployment rate, at 5.1%, was at an historic low.

Of course, the corollary of tightness in the labour market, when growth of demand in the economy is still robust, is a shortage of workers that is now felt across wide ranges of occupations and income levels.

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