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Labour market1

The interaction between people available and looking for work and those seeking to find persons willing to work at the market wage rate.

Key highlights

  • Peel’s Labour market data for Q2 2020 reflects the three-month moving average for April, May and June 2020, and captures the full impact of COVID-19 response measures in Peel.
  • In all three months of the quarter, many residents left the labour market as employment fell, resulting in a decline in labour force and employment for the April – June quarter of 2020.
  • The decline in employment occurred in both the goods-producing and service sectors, in full-time and part-time positions and across all age cohorts.

Labour market conditions in Peel worsened in Q2 2020 as the impact of COVID-19 response measures resulted in business closures and job losses.

When compared with Q2 2019, 62,200 fewer residents were in the labour market in Q2 2020, a decline of 6.5 per cent.

During the same period, employment fell by 15.6 per cent, representing a decline of 137,800 positions.

In the youth (15 – 24 years) segment of the labour market, employment fell by 48,600 positions, down 37.0 per cent.

91,200 positions were lost in the core working-age (25 – 64 years) group, reflecting a decline of 12.7 per cent.

Employment rate

The employment rate is the number of employed persons in a particular age group expressed as a percentage of the population in that age group.

Participation rate

The participation rate is the total labour force in a particular age group, expressed as a percentage of the population in that age group.

With the deterioration in labour market conditions due to COVID-19, many residents withdrew from the labour market, resulting in declines in the quarterly average participation rate across all age groups in Q2 2020.

Relative to Q2 2019, changes in participation rates in Peel’s labour market in Q2 2020 were as follows;

The participation rate for youth (15 - 24 years) was impacted the most as many in this age group work part-time and in sectors of the economy (such as retail and accommodation and food services) that were severely impacted by the COVID-19 closures.

Youth (15 - 24 years) are typically the first to be out of jobs during an economic downturn.

Employment by sector

There was pervasive loss of employment across both the goods-producing and service sectors in Q2 2020.

In the service sector, 86,600 positions were lost in the period, representing a 12.3 per cent decline, which was led by accommodation and food services (-59.2 per cent) and trade (-10.8 per cent).

Employment in the goods-producing sector declined by 27.6 per cent to 134,000 positions in Q2 2020, down from 185,100 positions recorded in Q2 2019.

Lower employment in the goods-producing sector was mainly as a result of declines in the manufacturing and construction sub-sectors, which fell by 21.3 per cent and 20.0 per cent respectively.

Employment by type

As COVID-19 response measures intensified, the declines in both part-time and full-time employment became more pronounced in Q2 2020 as follows:

1 Quarterly labour market statistics are all measures in quarterly averages.