Canada IMF foresees lingering shock even as economy recovers from pandemic

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An expected jobs slump will further blight the lives of new workforce entrants: report

With Friday’s jobs data expected to indicate a pandemic employment shortage extending into a second year, new research shows that a protracted dearth of work will create lifelong pain for many of its victims. Not only that, the report suggests it will have a wider social impact.

The adverse effect of recessions on the careers of new graduates and on their lifetime earnings has been well documented, including by Statistics Canada.

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