Canada needs to boost the number of new workers and target labour market shortages
Labour reallocation in the wake of the pandemic may take longer than expected, TD says
The unemployment rate was 8.2% in May, little changed from 8.1% in April
Many companies are struggling to find enough workers, even as the economy rapidly recovers
U.S. jobless claims declined for the fifth week in a row to 385,000
One-fifth of businesses are worried they may face layoffs in the next 12 months
The number of weekly applications for jobless aid has fallen by more than half since January
Employment in service industries largely accounts for the disparity
U.S. unemployment aid fell to a new pandemic low of 444,000 last week
Paying attention to advisor feedback remains crucial for firms