Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274622 
Year of Publication: 
2022
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 432v2 [Year:] 2022
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
From 2000 to 2019, Canada's economy and labor market performed well. Important in this success was a strong resource boom from the late 1990s to 2014. After the boom the economy and labor market adjusted relatively smoothly, with labor and other resources exiting resource-rich regions and moving elsewhere. Strong growth in major export markets (Asia and the US) aided the adjustment. The Covid-19 downturn resulted in an unprecedented decline in employment, and a steep rise in unemployment and non-participation. Despite the severity of the Covid-19 shock, by December 2021 most key measures of labor market activity had returned to pre-pandemic levels.
Subjects: 
employment
unemployment
resource boom
real wage growth
inequality
job polarization
Covid-19
JEL: 
E24
J6
D6
Persistent Identifier of the first edition: 
Document Type: 
Article

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