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1. • • 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/

     Explainer: What is a recession? - The World Economic Forum

2. People also ask

   What happens if you lose a job during a recession?

   • The negative feedback loop eventually runs out of steam, but not before inflicting lasting damage on the economy and workers. People who lose jobs during recessions, especially deep recessions, are more likely to become long-term unemployed and find it more difficult to reenter the labor market later.

   What Happens to Unemployment During a Recession? - Investopedia

   www.investopedia.com/ask/answers/032515/why-does-unemployment-tend-rise-during-recession.asp

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   Why do Canadians lose jobs in a recession?

   • High inflation is forcing Canadians to spend more at the grocery store and on other essentials, while higher interest rates are pushing households to put more of their income into paying down debt each month. But the real income hit in a recession often comes in the form of job losses, Bartlett says.

   What is a recession? Here’s how a hit to Canada’s economy might impact

   globalnews.ca/news/9419356/recession-explainer-canada-economy-layoffs/

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   How will a recession affect new graduates?

   • With high inflation, workers have been concerned with getting raises, whether at their current jobs, or through new positions, said Campbell. But heading into a recession, “people are going to be more concerned about keeping their job,” she said. New graduates could feel the effects of a recessionary job market over the long term, Macdonald said.

   How recession in Canada could impact your work, real estate - CTV News

   www.ctvnews.ca/canada/here-s-how-a-recession-could-affect-your-work-real-estate-and-expenses-1.6109648

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   Can new graduates feel the effects of a recessionary job market?

   • New graduates could feel the effects of a recessionary job market over the long term, Macdonald said. “If you happen to graduate into a recession, you may have long-term scarring effects, where you never make as much over the entirety of your lifetime as somebody who graduated in a very strong job market,” he said.

   How recession in Canada could impact your work, real estate - CTV News

   www.ctvnews.ca/canada/here-s-how-a-recession-could-affect-your-work-real-estate-and-expenses-1.6109648

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   How does a recession affect Canada's economy?

   • Consider this chain of events: Consumers are worried about a potential recession. They scale back on their purchases. They decide to save a bit of money instead of buying that new appliance. Or car. Or jacket. If you scale that out over Canada's population, those worries about a downturn can actually cause the economy to slow even more quickly.

   Canada's jobs market is setting records. So why are people talking

   www.cbc.ca/news/business/canada-recession-narrative-analysis-peter-armstrong-1.6512467

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   What happens if business dries up in a recession?

   • But the real income hit in a recession often comes in the form of job losses, Bartlett says. If business dries up, he says, some workers could see their hours reduced or their jobs cut entirely.

   What is a recession? Here’s how a hit to Canada’s economy might impact

   globalnews.ca/news/9419356/recession-explainer-canada-economy-layoffs/

   See all results for this question

3. www.investopedia.com › ask › answersWhat Happens to Unemployment During a Recession? - Investopedia

   www.investopedia.com › ask › answers

   • Cached

   Sep 11, 2023 · People who lose jobs during recessions, especially deep recessions, are more likely to become long-term unemployed and find it more difficult to reenter the labor market later.

4. www.cbc.ca › news › businessCanada's jobs market is setting records. So why are people ...

   www.cbc.ca › news › business

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   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. They decide to save a bit of...

5. Videos

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6. canadianbusiness.com › ideas › what-recession-meansWill the Impending Recession Affect Your Position in the Job ...

   canadianbusiness.com › ideas › what-recession-means

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   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.

7. globalnews.ca › news › 9419356What is a recession? Here’s how a hit to Canada’s economy ...

   globalnews.ca › news › 9419356

   • Cached

   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 ...

8. economics.td.com › ca-labour-market-duringEntering the Labour Market During Recession Can Leave Lasting ...

   economics.td.com › ca-labour-market-during

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   Feb 1, 2024 · Recessions not only mean job losses but also fewer opportunities for development. During the global financial crisis (GFC), the share of university educated new hires working in high-skilled jobs plummeted by 20 percentage points from its pre-recession peak (Chart 1).

9. www.ctvnews.ca › canada › here-s-how-a-recessionHere's how a recession could affect your work, real estate ...

   www.ctvnews.ca › canada › here-s-how-a-recession

   Oct 14, 2022 · Here's how a recession could affect your work, real estate and expenses. Skipping meals and cutting back: How some Canadians are dealing with higher cost of living. How not to run out of...

10. globalnews.ca › news › 9676194Is Canada heading for a ‘jobful recession’? What the latest ...

    globalnews.ca › news › 9676194

    • Cached

    May 5, 2023 · Continued growth in Canada’s labour market might see more Canadians hold onto jobs even as the economy dips into a possible recession, according to a read of the latest employment data released...