#CanadaEconomy; #StatisticsCanada; #RBC; #Covid19Pandemic
Ottawa/Canadian-Media: Canada's economy as of the end of January had 858,000 fewer jobs than it did before the pandemic, Statistics Canada reported.
Statistics Canada. Image credit: Twitter handle
But those losses are uneven across the Board as women, who made up a majority of the workforce in hard-hit sectors like hospitality, retail, and food suffered most.
A new analysis by RBC published Thursday said that nearly 100,000 working-age Canadian women have completely left the workforce since the pandemic started, which means they aren't even trying to get a job anymore in contrast to more than 10 times smaller for men work.
"The longer these women are out of the labor force, the greater the risk of skills erosion, which could potentially hamper their ability to get rehired or to transition to different roles as the economy evolves," the RBC report says, CBC News reported.
RBC. Image credit: Twitter handle
Even when some parts of the economy are reopening, Dawn Desjardins, one of the authors of the RBC report said that understaffing due to the way the businesses work may lead to the permanent disappearance of some jobs.
Besides different industries being hit unevenly, the job losses are worse for members of certain demographic groups, like mothers, visible minorities, young people, and new immigrants are all being disproportionately impacted, the RBC reported.
Almost a year since that initial lockdown, a sizeable number of Canadian women are at risk of their skills atrophying, Desjardins finds, CBC News reported.
"There could be changes underway that are more structural in nature, that are going to be more long-lasting," she said.
She says economists even have a name for it — they call it the scarring effect. She says some of the skills you have diminish when you're not using them.
"The longer you're out, the harder it is sometimes to get back into those networks— to hear this place is happening or these are the jobs that are in demand," Desjardins said, CBC News reported.