Potential Earnings Losses among High School and Postsecondary Graduates Due to the COVID-19 Economic Downturn

In this Economic Insights article, the potential earnings losses experienced by this year’s class of high school and postsecondary graduates as a result of COVID-19 are simulated. These graduates may face very challenging conditions as they enter the labour market, which could have long-term ramifications for their earnings prospects. Consequently, earnings losses are simulated up to five years after graduation, based on various scenarios of this year’s youth unemployment rate.