COVID-19: The Manitoba Experience (Part 4)
Understanding the effect on Manitoba's Labour Markets helps businesses, policy makers, and those helping to grow the economy to know what the situation is.
Confidence in the safety of our workplaces, our staff and customers is key to getting sales flowing again, supporting growth of revenues, GDP, and tax revenues.
Issue 14 "Labour Force Survey Results April 2020: Manitoba" of my Weekly Economic Digest (WED) directly addresses the high-level contours of the effects of COVID-19 and the lockdowns on Manitoba's labour market since February 2020. While all age groups have been affected by COVID-19, those 15 to 24 have seen the largest decline in their employment numbers.
A 'Nike-swoosh' shaped recovery appears to be the current best case for our economic recovery.
A 'Nike-swoosh' shaped recovery appears to be the current best case (as opposed to a v, w, z or other shapes). This depends crucially on following proper public health criteria at home, at worksites and places in between.
You can read any WED issue from issue 6 onwards on Economic Development Winnipeg's COVID-19-Toolkit web page.
Previous Editions of my notes, which also link to these issues: