The 20-Year Territorial Outlook provides the economic and fiscal outlook for the Yukon, including output by industry, labour markets, and demographics.
Document Highlights
The pandemic hurt Yukon’s tourism and hospitality industry in 2020 by pushing up unemployment and will weigh on this sector again this year. However, a loosening of self-isolation requirements among other measures signals that the situation is improving.
The labour market is expected to bounce back in 2021 supported by job gains in the construction industry. As the economy moves along the path to being fully reopened, employment in several service industries is expected to increase. Multiple mine openings will support employment and GDP growth over the next decade.
Given Yukon’s aging population, international migration will help to support population growth over the forecast period.
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