{"id":57562,"date":"2023-11-20T21:06:00","date_gmt":"2023-11-21T02:06:00","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/dl-the-recession-roadblock-the-long-term-career-consequences-of-graduating-into-a-downturn\/"},"modified":"2024-07-22T14:56:45","modified_gmt":"2024-07-22T18:56:45","slug":"dl-the-recession-roadblock-the-long-term-career-consequences-of-graduating-into-a-downturn","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/dl-the-recession-roadblock-the-long-term-career-consequences-of-graduating-into-a-downturn\/","title":{"rendered":"The Recession Roadblock: The Long-term Career Consequences of Graduating into a Downturn"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/ideas-and-insights\/\">\n\t\t\t\t\t\t\t<span>Ideas and Insights<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">The Recession Roadblock: The Long-term Career Consequences of Graduating into a Downturn<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Andrew Agopsowicz<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-33.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-33.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-33.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-33.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=The Recession Roadblock: The Long-term Career Consequences of Graduating into a Downturn &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/dl-the-recession-roadblock-the-long-term-career-consequences-of-graduating-into-a-downturn\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/dl-the-recession-roadblock-the-long-term-career-consequences-of-graduating-into-a-downturn\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published November 20, 2023 \u2022 6 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>What&#8217;s less well known is that the effects of graduating into a recession last long after the recovery has taken hold. They can have long-term, negative career consequences for those who had the unfortunate timing of starting their careers amid deteriorating economic conditions. Those consequences include slower wage growth and delayed career progression compared with cohorts who graduate in better economic times. With more than 1 million students enrolled in Canadian universities and economists predicting close to a 30% chance of recession over the next 12 months, it&#8217;s worth taking a look at the experience of those who entered into the workforce in 2009-2011.<\/p>\n\n\n\n<p>A study of the graduates of the Great Recession indicates that<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>their wages grew more slowly over the first decade of employment than peers who entered the workforce before the recession<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"is-style-default default\">at age 30-34, they&#8217;re less likely to be in a management position than people in that cohort were before the recession<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>at age 30-34, they&#8217;re less likely to occupy a skilled position than the same pre-recession cohort<\/p>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Lessons from the last recession<\/h2>\n\n\n\n<p>In the fourth quarter of 2008, Canada entered its worst slowdown since the 1980s. It would be another year before the economy returned to growth. While Canada fared better than some other countries, the Great Recession&#8217;s impact was significant. Among those most affected: Canadians just entering the workforce.<\/p>\n\n\n\n<p>Evidence suggests the health of the economy at the start of a person&#8217;s working life can accelerate, or delay, a person&#8217;s entire career.Periods of joblessness or underemployment can allow skills acquired in school to deteriorate,hamper the acquisition of important new skills, and delay opportunities for moving into specialized or management roles.It can take years to catch up.<\/p>\n\n\n\n<p>As with previous recessions, the Great Recession hit young Canadians the hardest. The unemployment rate for those 20-24 rose from about 9% in 2008 to more than 12% in 2009, adding 55,000 people to the jobless rolls. For young men, the unemployment rate hit a high of 15%. Many chose to weather the storm in school: enrollment rates at part\u2013 and full-time post-secondary programs rose from 39% in 2008 (at the time, a recent low) to 43% in 2012.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/08\/unemployment-rates-educated-30.jpg\" alt=\"A graph of unemployment rates of bachelor degree graduates by age\" class=\"wp-image-22932\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Even after they ventured into the labour market, unemployment rates for this group remained persistently high long after things had improved for older workers. And men were disproportionately affected. Young women with a bachelor&#8217;s degree fared better, likely because they were more likely to be employed in healthcare and educational services occupations that largely avoided any negative employment shock.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Recessions influence the jobs we end up in<\/h3>\n\n\n\n<p>Beginning your career when the labour market is slack can affect the type of work you do. After the Great Recession,more young, university-educated Canadians found themselves doing jobs that didn&#8217;t match their education level\u2014especially compared with those entering the workforce in the first part of the 2000s. They were more likely to be working part-time, and not by choice. They were less likely to be working in specialized skilled or managerial roles, and more likely to be working in unskilled occupations.<\/p>\n\n\n\n<p>Precarious employment or difficulty finding work in your field is costly, in terms of lost wages. The impact may be long-lived. Wage growth is typically fastest early in one&#8217;s career, because it&#8217;s the time when one starts accumulating marketable skills. Studies indicate about one-half of the total increase in earnings over one&#8217;s career occur in the first decade. Creating a track record of competence is key to securing future promotions or changing employers. Consistent employment is also a big factor. As the Bank of Canada has highlighted, a significant portion of wage gains over a person&#8217;s life come from making job changes while employed, so periods of unemployment remove an important bargaining chip in negotiating a higher salary.<\/p>\n\n\n\n<p>Persistent unemployment or underemployment can allow specialized skills earned in university to atrophy, increasing potential wage losses. It can also delay the acquisition and development of transferable and soft skills, an area we at RBC Economics have focused on because of the outsized importance we believe these skills will hold in the workforce of tomorrow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Millennials&#8217; experience illustrates the impact<\/h3>\n\n\n\n<p>The costs of graduating into a recession are starting to show up in today&#8217;s 30-34-year-old cohort, who were 19-23 when the recession hit. Less than 10% are in a management position. During the 2000-2008 period, workers in that age cohort occupied 12% of management positions. Meanwhile, 37% of today&#8217;s 30-34-year-olds are in a skilled occupation; their share in the 2000-2008 period was 41%. They&#8217;re more likely to be working in an unskilled occupation compared with pre-recession cohorts.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/08\/recession-graduation-age-groups-30.jpg\" alt=\"A bar chart showing the amounts of graduates working in unskilled jobs\" class=\"wp-image-22933\" \/><\/figure>\n\n\n\n<p>Earnings for the graduates of the Great Recession have also lagged. Average hourly wages of those who likely entered the workforce between 2009 to 2011 have seen about 60% of growth over the first 10 years of their working lives, compared with 71% growth for those who entered the workforce between 2006 and 2008. We are only just getting a clear picture of those who entered the workforce between 2013 and 2015, but their wages appear to be stronger.The recession cohort&#8217;s slower wage growth may reflect the fact that they transitioned into management and skilled occupations at a slower rate than other cohorts. The next five years will tell us if these career delays persist.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/08\/slow-growth-wages-30.jpg\" alt=\"A bar chart showing the slowing growth of wages during the recession\" class=\"wp-image-22934\" \/><\/figure>\n\n\n\n<p>Our findings line up with other academic studies on this issue. One recent study led by University of Toronto professor Philip Oreopoulos looked at how Canadian graduates did over the 1970s, 1980s, and 1990s depending on whether they graduated during a recession or not. Total earnings penalties averaged about 5% over the first 10 years of a career, after which time wages caught up.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A slow career start could have significant spillover effects<\/h3>\n\n\n\n<p>We&#8217;ve outlined some of the costs of graduating into a downturn, in terms of lost wages in both the short and longer term. Those losses could have a host of repercussions for the individual and for the economy as a whole. Lengthening the time it takes to repay student debt or save for a down-payment on a home are two. Investing early for one&#8217;s retirement is another. Timing isn&#8217;t everything, but it can&#8217;t be ignored.<\/p>\n\n\n\n<div class=\"wp-block-group block-wpr bg-light-blue rounded-corners pos-rel mob-pad-t pad-t pad-b mob-pad-b pad-l mob-pad-l pad-r mob-pad-r centered-block is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<h2 class=\"wp-block-heading has-text-align-center mar-b-hlf mob-mar-b-hlf mob-pad-t-hlf\" id=\"h-stay-informed\">Stay Informed<\/h2>\n\n\n\n<p class=\"has-text-align-center\">For more insights about social, economic and technological trends, please visit<br><a href=\"https:\/\/thoughtleadership.rbc.com\/?promo_name=ENT_ThoughtLeadership_DNL&amp;promo_id=235263&amp;promo_position=CTA&amp;promo_creative=The Recession Roadblock\">RBC Thought Leadership<\/a>.<\/p>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-bbbfe126-ae22-4995-b0a7-92c7534322bb\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=The Recession Roadblock: The Long-term Career Consequences of Graduating into a Downturn &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/dl-the-recession-roadblock-the-long-term-career-consequences-of-graduating-into-a-downturn\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/dl-the-recession-roadblock-the-long-term-career-consequences-of-graduating-into-a-downturn\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-8f14ea60-9ca5-43e9-bda2-6270a0341edb\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/career-planning-development\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Career Planning &amp; Development<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/ideas-and-insights\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Ideas and Insights<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/03\/shutterstock_2312413379.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" 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loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"410\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2496035303_employeebenefits.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Icons on wooden blocks with a blue background\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2496035303_employeebenefits.jpg 8770w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2496035303_employeebenefits.jpg?resize=300,120 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2496035303_employeebenefits.jpg?resize=768,307 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2496035303_employeebenefits.jpg?resize=1024,410 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2496035303_employeebenefits.jpg?resize=1536,614 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/02\/shutterstock_2496035303_employeebenefits.jpg?resize=2048,819 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/\">\n\t\t\t\t\t\tFinding a Job\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/a-guide-to-understanding-your-employee-benefits\/\" class=\"card-title h4 mar-t-0\">A guide to Understanding Your Employee Benefits<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/Coffee-Chats.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"2 professionals networking over coffee\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/Coffee-Chats.jpg 7952w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/Coffee-Chats.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/Coffee-Chats.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/Coffee-Chats.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/Coffee-Chats.jpg?resize=1536,1025 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/Coffee-Chats.jpg?resize=2048,1366 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/employment-in-canada\/\">\n\t\t\t\t\t\tEmployment in Canada\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/employment-in-canada\/coffee-chats-what-questions-should-you-ask-to-network-better\/\" class=\"card-title h4 mar-t-0\">Coffee Chats: Questions You Should Ask to Network Better<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-bbbfe126-ae22-4995-b0a7-92c7534322bb {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-bbbfe126-ae22-4995-b0a7-92c7534322bb {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-8f14ea60-9ca5-43e9-bda2-6270a0341edb {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-8f14ea60-9ca5-43e9-bda2-6270a0341edb {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>A new RBC Economics report looks at the career experiences of graduates that entered the workforce during a recession.<\/p>\n","protected":false},"author":10,"featured_media":54052,"parent":57296,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[78,76],"rbc_content_type":[31],"rbc_audience":[49],"rbc_lob_group":[50],"rbc_difficulty_level":[70],"rbc_mmm_category":[322,377,349,303,304,312],"class_list":["post-57562","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-career-planning-development","tag-ideas-and-insights","rbc_content_type-article","rbc_audience-students","rbc_lob_group-students","rbc_difficulty_level-intermediate","rbc_mmm_category-economics-101","rbc_mmm_category-economics-for-beginners","rbc_mmm_category-finding-a-job","rbc_mmm_category-goals-aspirations","rbc_mmm_category-money-academy","rbc_mmm_category-school-and-career"],"acf":{"contently_publication_id":"235263","custom_author":"Andrew Agopsowicz","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Learn about the long-term career consequences of graduating into a downturn.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/school-and-career\/finding-a-job\/dl-the-recession-roadblock-the-long-term-career-consequences-of-graduating-into-a-downturn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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