{"id":13645,"date":"2021-09-08T08:00:00","date_gmt":"2021-09-08T12:00:00","guid":{"rendered":"https:\/\/www.hiringlab.org\/en-ca\/?p=13645"},"modified":"2021-09-08T08:00:00","modified_gmt":"2021-09-08T12:00:00","slug":"august-2021-lfs-preview","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/en-ca\/2021\/09\/08\/august-2021-lfs-preview\/","title":{"rendered":"August Labour Force Survey Preview: Goods-Producing Sectors a Drag on Recent Job Growth"},"content":{"rendered":"\n<p>The pace of Canada\u2019s labour market recovery has cooled somewhat. Prior to a dip during the pandemic\u2019s third wave, employment rose by an eye-popping 259,000 and 303,000 in February and March, respectively. During the vaccine-led reopening in June and July, gains were less rapid, at 231,000 and 94,000 a piece.&nbsp;<\/p>\n\n\n\n<p>Pandemic-exposed services like accommodation and food services still stand out as the main source of Canadian labour market weakness. However, one reason that overall growth has eased more recently is that employment in goods-producing industries has slipped. Steady progress through March brought employment in the sector, which includes manufacturing construction, natural resources, agriculture, and utilities, to just 35,000 below its pre-pandemic level. However, these gains have partially reversed, with employment in the sector falling back to 140,000 below its February 2020 level as of July.&nbsp;<\/p>\n\n\n\n<p>Part of this slip likely reflects broader economic trends in these industries, evident in the recent disappointing GDP numbers <a href=\"https:\/\/www150.statcan.gc.ca\/t1\/tbl1\/en\/cv!recreate.action?pid=3610043401&amp;selectedNodeIds=2D1,3D1,4D2,4D49,4D50,4D51,4D54&amp;checkedLevels=0D1,3D1&amp;refPeriods=20200201,20210601&amp;dimensionLayouts=layout2,layout2,layout2,layout3,layout2&amp;vectorDisplay=false\" target=\"_blank\" rel=\"noreferrer noopener\">during the second quarter<\/a>. Areas of manufacturing are dealing with supply chain bottlenecks, residential construction spending has cooled after an earlier surge, and non-residential construction remains weak. At the same time though, hiring appetite in these areas is quite elevated, with job postings on Indeed Canada in both construction and manufacturing both well above their pre-pandemic levels, <a href=\"https:\/\/www.hiringlab.org\/en-ca\/2021\/09\/01\/job-postings-through-august-27\/\" target=\"_blank\" rel=\"noreferrer noopener\">much like the rest of the economy<\/a>.<\/p>\n\n\n\n<p>August employment growth will once again hinge on the extent of further reopening gains in pandemic-exposed industries. Ontario for instance had only brought back indoor dining toward the end of the July Labour Force Survey reference week, which could mean further progress ahead. Nonetheless, the drag from goods-producing sectors on the job numbers in recent months highlights how factors beside the trajectory of the pandemic can complicate the picture. If key areas of the economy like manufacturing and construction aren\u2019t firing on all cylinders, the return to a healthy labour market will be a tougher slog.&nbsp;&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Both construction and manufacturing employment are down since March.<\/p>\n","protected":false},"author":38,"featured_media":14145,"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-13645","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>August Labour Force Survey Preview: Goods-Producing Sectors a Drag on Recent Job Growth - 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\/2021\/09\/08\/august-2021-lfs-preview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"August Labour Force Survey Preview: Goods-Producing Sectors a Drag on Recent Job Growth - Indeed Hiring Lab Canada\" \/>\n<meta property=\"og:description\" content=\"Both construction and manufacturing employment are down since March.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hiringlab.org\/en-ca\/2021\/09\/08\/august-2021-lfs-preview\/\" \/>\n<meta property=\"og:site_name\" content=\"Indeed Hiring Lab Canada\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-08T12:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hiringlab.org\/en-ca\/wp-content\/uploads\/sites\/2\/2021\/09\/pasted-image-0-3-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1119\" \/>\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\/2021\/09\/08\/august-2021-lfs-preview\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2021\/09\/08\/august-2021-lfs-preview\/\"},\"author\":{\"name\":\"Brendon Bernard\",\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/#\/schema\/person\/b28cdbf17ac4ddf600775fb6b65c9401\"},\"headline\":\"August Labour Force Survey Preview: Goods-Producing Sectors a Drag on Recent Job Growth\",\"datePublished\":\"2021-09-08T12:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2021\/09\/08\/august-2021-lfs-preview\/\"},\"wordCount\":327,\"image\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2021\/09\/08\/august-2021-lfs-preview\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/2\/2021\/09\/02120723\/pasted-image-0-3-2.png\",\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2021\/09\/08\/august-2021-lfs-preview\/\",\"url\":\"https:\/\/www.hiringlab.org\/en-ca\/2021\/09\/08\/august-2021-lfs-preview\/\",\"name\":\"August Labour Force Survey Preview: Goods-Producing Sectors a Drag on Recent Job Growth - 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