The COVID-19 crisis dealt employees a serious blow, and young people have been hit particularly hard with a nearly 30% unemployment rate. The summer months – crucial for internships, seasonal work, and starting careers – might not be much better, as employers may call back their furloughed full-timers before hiring students. How will these setbacks affect this cohort's long-term employment prospects? And how effective have government relief programs actually been?

 

Dawn Desjardins, RBC's Deputy Chief Economist, shares the outlook on the youth labour market in this newest edition of "The 10-minute Take" podcast.

 

 

"The 10-Minute Take" is a new podcast series dedicated to providing the point of view of market experts on events unfolding around the globe.