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Employment Rebounds: Another Sign the Economic Recovery has Begun


Ottawa, June 05, 2020 (GLOBE NEWSWIRE) -- Ottawa, June 5th, 2020? The Conference Board of Canada's Senior Economist, Cory Renner offers insights on May's Labour Force Survey (LFS):

"In another sign that the worst of the economic decline from COVID-19 is behind us, employment rose by 289,600 in May. Given the survey dates didn't coincide with much of Ontario's gradual re-opening, employment growth will continue in June as restrictions are gradually eased across the country. Of course, even with the increase this month, employment remains well below where it was in February, and the road to recover the net 2.7 million jobs lost will be long."

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