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- Unemployment could rise. Graduates and school leavers may then find it more difficult to find jobs. Companies may struggle to pay their workforce or give their employees pay increases to match inflation, according to the Institute for Fiscal Studies. Investors could also see losses, as stock markets fall.
www.weforum.org/agenda/2024/02/what-is-a-recession-economy-definition-explainer/
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Sep 11, 2023 · During the much shorter two-month recession set off by the 2020 COVID-19 pandemic, unemployment climbed from just 3.5% in February 2020 to 14.7% in April 2020, the month when the recession...
Jul 7, 2022 · Canada's unemployment rate is at a historic low. The economy is growing faster than any other G7 country. But the economic narrative is being driven by concern about inflation — and a potential...
Dec 22, 2022 · In Canada, employment in services fell by 20.2% from peak to trough, while employment in the goods sector contracted by 17.4%. In the United States, the declines were 14.6% and 11.8%, respectively.
Nov 16, 2022 · Economists say that the impending recession will have an impact on the job market in the form of reduced hours, longer job hunts and layoffs. The good news? The existing tightness in Canada’s labour market may result in fewer job losses than previous downturns.
Jul 3, 2024 · During the economic recession, Canada’s unemployment rate peaked at 8.4 percent, which was an increase of 2.2 points over the pre-recession unemployment level.
May 5, 2023 · The Bank of Canada has warned that a tight labour market with annual wages rising more than five per cent is not consistent with getting inflation back to its two per cent target, unless it comes...
Sep 6, 2024 · Key Takeaways. Friday's report on the job market showed employers kept hiring in August, although not at a high enough rate to silence talk of a possible recession ahead. Economists found some...
