How Do Workers Displaced from Energy-producing Sectors Fare after Job Loss? Evidence from the Oil and Gas Industry
Articles and reports: 11-626-X2020021Description: The last two decades have seen substantial movements in the price of oil and other commodities. Oil prices more than doubled from the early 2000s to 2008, fell during the 2008-2009 recession and dropped sharply after 2014. These price declines have led to increases in permanent layoff rates in the oil and gas industry in Canada, especially in recent years. This Economic Insights article examines how workers displaced from the oil and gas industry in recent years have fared after job loss. The analysis uses Statistics Canada’s Longitudinal Worker File. no: 123Issue Number: 2020021Frequency: OccasionalAuthor(s): Chen, Wen-Hao; Morissette, RenéMain Product:Economic Insights
