Posthaste: Canada's job market may see rapid rehiring this summer but a full recovery will take years

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The job market may stall by the fall

Total job postings in Canada stands at 30 per cent below 2019 levels last week, according to Indeed Canada, the recruitment site that gleaned its own data.

Job postings for driving and administrative assistance positions are up nearly 25 per cent from early May, according to the website’s data. Construction, loading and stocking positions also jumped nearly 35 per cent in the same period. The recovery is being led by lower paying jobs, as higher paying jobs were less affected during the pandemic.

Around 10 million Canadians, or roughly half the labour force continues to depend on either the Canada Emergency Response Benefit and Canada Emergency Wage Subsidy . “While the rebound has been robust, the recovery will lose steam soon as by early fall as job growth slows to about 80,000 per month by year-end and then further decelerates until it settles at a more sustainable pace. Consequently, we think Canada won’t fully recoup its pre-virus level of employment until late 2022,” Stillo noted.

 

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How? Why work the summer when CERB pays for you to stay home and party like it’s 1999! Yay... 🤣🕺🏿🍻🍾🥂🎸😝🤮

Reality vs daily election vote buying from Trudeau...

Budgets do not balance themselves nor do you grow an economy from the heart! Canada is going to continue to face structural issues with employment including policies that do not support FDI and other business investments

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