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BMO uncovers the sectors hit hardest by the pandemic

June 24, 2020  

BMO economist Robert Kavcic has analyzed the domestic labour market to uncover the sectors hardest hit by the pandemic,

“Canadian employment is down 14.1% overall between February and May, with some distinct differences below the surface. At the sector level, some like accommodation & food have caved almost 50%, while others (finance, public admin) are down barely 3%… part-time jobs have been hit much harder; so has youth employment (under age 25); and women have seen steeper job losses than men… Longer term, this is going to have an impact on things like real estate (harder hit at the low end of the price spectrum and/or rental market) and social policy.”

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