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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 · Recession and unemployment go hand in hand and reinforce one another. Unemployment rises quickly but drops slowly in a downturn, and its long-term effects are costly.
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 7, 2022 · The knock-on effect of consumer confidence. Consider this chain of events: Consumers are worried about a potential recession. They scale back on their purchases.
Jan 19, 2023 · The value of Canada’s oil and other exports dropped sharply, housing activity in the country saw steep declines, and 400,000 Canadians lost their jobs over the course of a year, according to ...
Dec 22, 2022 · Throughout 2021, there was an upward trend in the number of Canadians leaving their jobs voluntarily within the previous 12 months and remaining without work. As of July 2022, this group was 9% below pre-pandemic levels.
Feb 11, 2023 · Inflation is decelerating, the economy has slowed, but hasn't slipped into a recession, and experts say that red-hot jobs market should act as something of a buffer against a pretty lousy...
Oct 20, 2020 · By 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally in medium and large businesses across 15 industries and 26 economies. Roles in areas such as data entry, accounting and administrative support are decreasing in demand as automation and digitization in the workplace increases.
