To what extent might COVID-19 affect the earnings of the class of 2020?

The COVID-19 pandemic has already resulted in a considerable slowdown in economic activity in Canada. Young people have been hit particularly hard. This article presents estimates of the cumulative earnings losses in the first five years after graduation that this year's graduating class could experience, depending on the depth of the economic downturn. Specifically, five scenarios for this year's youth unemployment rate are examined.