{"id":12857,"date":"2020-11-02T10:48:53","date_gmt":"2020-11-02T15:48:53","guid":{"rendered":"https:\/\/www.hiringlab.org\/en-ca\/?p=12857"},"modified":"2020-11-02T10:48:53","modified_gmt":"2020-11-02T15:48:53","slug":"october-2020-lfs-preview","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/","title":{"rendered":"October Labour Force Survey Preview: The Second Wave Hits the Job Market"},"content":{"rendered":"\n<p>The pandemic\u2019s second wave has shifted part of the Canadian economy back into containment mode. Surging cases and resulting restrictions on certain activities could halt the solid progress the labour market has made after its unprecedented crash earlier this year.&nbsp;<\/p>\n\n\n\n<p>So far though, economy-wide real-time indicators don\u2019t suggest anywhere near the same labour market disruption as we saw during the spring. Job postings on Indeed <a href=\"https:\/\/www.hiringlab.org\/en-ca\/2020\/10\/27\/job-postings-through-oct-23\/\" target=\"_blank\" rel=\"noreferrer noopener\">continued to recover<\/a> through October 23, in contrast to their plunge after mid-March. While small business sentiment dipped in October according to the <a href=\"https:\/\/www.cfib-fcei.ca\/en\/research\/economic-indicators\/business-barometer-october-2020\" target=\"_blank\" rel=\"noreferrer noopener\">Canadian Federation of Independent Business<\/a>, capacity utilization rates held steady.\u00a0<\/p>\n\n\n\n<p>At the same time, pandemic exposed sectors have been hit. Job postings in food service and preparation, as well as sports (which include fitness instructors) have been weak, while restaurant reservations through OpenTable <a href=\"https:\/\/www.opentable.com\/state-of-industry\" target=\"_blank\" rel=\"noreferrer noopener\">have dropped<\/a>.\u00a0<\/p>\n\n\n\n<p>The October job numbers are going to reflect some combination of these two trends. In particular, they\u2019ll depend on how bad the shock has been to industries like accomodation and food services, as well as culture, and recreation, and whether there\u2019s enough strength elsewhere in the economy to offset the hit.&nbsp;<\/p>\n\n\n\n<p>As was the case earlier in the pandemic, monitoring hours worked will be just as important as headline employment in assessing the labour market. While the two metrics have moved similarly over the recovery, <a href=\"https:\/\/www.hiringlab.org\/en-ca\/2020\/10\/09\/september-2020-lfs\/\" target=\"_blank\" rel=\"noreferrer noopener\">hours fell much faster<\/a> at the onset of the crisis, as some workers weren\u2019t technically laid off, but didn\u2019t have an open workplace to attend. The distinction could once again be of importance, but will be relevant to fewer sectors of the economy than during the first wave.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some sectors hit, others coasting.<\/p>\n","protected":false},"author":38,"featured_media":14075,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"post_mwm_category":[715],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[670],"class_list":["post-12857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","post_mwm_category-state-of-the-labour-market","post_mwm_author-bbernard"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>October Labour Force Survey Preview: The Second Wave Hits the Job Market - Indeed Hiring Lab Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"October Labour Force Survey Preview: The Second Wave Hits the Job Market - Indeed Hiring Lab Canada\" \/>\n<meta property=\"og:description\" content=\"Some sectors hit, others coasting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/\" \/>\n<meta property=\"og:site_name\" content=\"Indeed Hiring Lab Canada\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-02T15:48:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hiringlab.org\/en-ca\/wp-content\/uploads\/sites\/2\/2020\/11\/pasted-image-0-14.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1586\" \/>\n\t<meta property=\"og:image:height\" content=\"866\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Brendon Bernard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/\"},\"author\":{\"name\":\"Brendon Bernard\",\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/#\/schema\/person\/b28cdbf17ac4ddf600775fb6b65c9401\"},\"headline\":\"October Labour Force Survey Preview: The Second Wave Hits the Job Market\",\"datePublished\":\"2020-11-02T15:48:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/\"},\"wordCount\":285,\"image\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/2\/2020\/11\/02120802\/pasted-image-0-14.png\",\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/\",\"url\":\"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/02\/october-2020-lfs-preview\/\",\"name\":\"October Labour Force Survey Preview: The Second Wave Hits the Job Market - 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