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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.
Aug 23, 2023 · In a recession, the unemployment rate—the percentage of the total labor force that is unemployed but actively seeking work—tends to increase as companies cut back on staff to reduce their...
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 · He says that if 2023 sees widespread declines in more than half of industries contributing to GDP, and if employment sees a modest drop, it will likely be called a recession in Canada.
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.
Oct 14, 2022 · There were more than a million job vacancies in the second quarter of 2022, according to Statistics Canada, up from around 732,000 the year before and almost twice as many as pre-pandemic. Story...
COVID-19 has caused a severe employment shock with an equivalent of 230 million estimated full-time jobs losses in 2020 relative to 2019. After more than two years into the pandemic, we see signs of a strong but uneven recovery.
