Therefore, you may wonder: “Should we fear an increase in unemployment in the Canadian job market?” However, you should be aware that a few sectors of the Canadian job market are less impacted than others. In February, the earnings of workers in specific segments of the Canadian job market saw a boost. This boost was approximately 3% in a few different sectors.
The sectors that saw this growth in earnings include the following: professional, scientific, and technical services; public administration; health care and social assistance; and manufacturing. Remember, the Canadian job market also has a lot of jobs connected to the state, in hospitals, education, etc. These sectors of the Canadian economy were relatively healthy in February.
A Few Sectors Continue to Employ a Large Number of Workers in Formal Work
In this essay, I should state that these sectors employ a large number of workers for formal work with good access to health and social protection services, particularly in specific provinces. On the other hand, a few sectors of the Canadian job market have recorded an increase in the number of unemployed over February. Also, several indicators point to a more substantial impact on employment in this crisis.
Conclusion
Remember, COVID-19 will have many impacts on employment around the world. Thus, faced with the health crisis caused by the Coronavirus pandemic, the Canadian world of work is affected.
