RBC’s New Canadian Monthly Macroeconomic Series
In the second edition of The Economic Pulse, Dawn Desjardins, RBC’s Deputy Chief Economist takes a closer look at the fragmented recovery of the Canadian labour market and provides her outlook as Canada enters the second wave of the COVID-19 pandemic.
The rebound in job creation continues, but unsurprisingly is uneven – the hospitality, retail, and travel industries, where social distancing is challenging, continue to experience job losses.
Specific groups of the population have experienced a slower labour market recovery – this includes lower wage workers, new graduates and women.
While the recovery of the US labour market continued into October – it was not as strong as the underlying economic recovery.
Read our latest report, Canadian Women Continue to Exit the Labour Force, for a look into the growing divergence between Canadian men and women in the labour force
As Deputy Chief Economist, Dawn contributes to the macroeconomic and interest rate forecasts for Canada and the U.S. Before joining RBC, Dawn worked as a reporter for Bloomberg Financial News in Toronto covering the Canadian bond and currency markets. She also spent ten years as the Canadian bond market strategist for a major U.S. bank.
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