Every year, women around the world celebrate (angrily) the day their average full-time full-year earnings have caught up to men’s average full-time full-year earnings from the year before. This year in the United States that day fell on April 12th. In Germany it was March 19th. In Switzerland it was February 24th. In Ontario? Equal Pay […] . . . → Read More: The Progressive Economics Forum: Equal Pay Day
The unemployment rate is up again this month, to 7.3%, with 1.4 million workers looking for jobs in February. A loss of full-time work was partly replaced by part time positions. A disproportionate percentage of last year’s growth came from precarious self-employment. Remember those heady days when we could say that at least Canada’s unemployment rate […] . . . → Read More: The Progressive Economics Forum: February Labour Force Woes
It’s only been a couple of weeks since Disney, that most iconic of American companies, moved to displace all its home grown techies with low-cost foreign temporary workers, But the company had to beat a hasty retreat in the face of an outpouring of criticism.
Amid the deluge of commentary this story triggered about where . . . → Read More: The Progressive Economics Forum: Canada: World’s Next Superpower? Only If We Stop Relying On Temporary Foreign Workers
What follow is a guest blog post from Glenn Burley:
If Science, Technology, Engineering and Mathematics (STEM) and professional fields like medicine, law, and dentistry are the so-called golden ticket to a good job in today’s labour market, what does that say about the current and future health of our economy?
The myth of . . . → Read More: The Progressive Economics Forum: The Myth of STEM Degrees: STEM as the Canary in the Coal Mine
LABOUR MARKET DEREGULATIONS NOT WORKING: IMF
See original CBC column here.
Recent — and potentially watershed — International Monetary Fund (IMF) documents have cast doubt on the merits of labour market deregulation of the last three decades, with important consequences for Canada. But will anyone listen?
The last 30 years have not been kind to . . . → Read More: The Progressive Economics Forum: ROCHON on the IMF and labour market deregulations
Here is the link to a short study I have done for the Broadbent Institute on the Harper Record on Jobs from 2006 to 2014 based on annual averages from the Labour Force Survey.
Coverage in today’s Toronto Star is here.
The basic findings, that there is still a lot of slack in the job . . . → Read More: The Progressive Economics Forum: The Harper Record on Jobs, 2006 to 2014
The Ontario government has launched a review of their Labour Relations Act and Employment Standards Act. The premise is that the workplace has changed, and Ontario labour law no longer does as much as it should to protect vulnerable workers.
The Workers’ Action Centre in Toronto took this opportunity to document the myriad ways that . . . → Read More: The Progressive Economics Forum: Transforming Precarious Work
Associate Professor, Laurentian University
Co-Editor, Review of Keynesian Economics
Follow him on Twitter @Lprochon
With data on the performance of Canada’s labour market released today, many economists and pundits on both sides of the 49th parallel are arguing that what seems to be emerging is two very clear and different paths for . . . → Read More: The Progressive Economics Forum: ROCHON on: A tale of two economies? Making sense of recent US and Canadian labour market data
I started producing an e-weekly earlier this year, Eye on the Economy: making sense of recent economic events, as a more regularly complement to the quarterly Economy at Work I also produce.
Each issue contains a main commentary/analysis piece on a topical issue and also a curated round up with about five shorter briefs. In . . . → Read More: The Progressive Economics Forum: Why are women leaving Canada’s workforce?
As usual, the monthly Labour Force Survey numbers headline seems to tell a different story than the underlying numbers. According to the LFS, Canada added 35,000 jobs in January. A statistically significant number of jobs, hurray!
But wait. Those were all part time jobs. We lost 10,000 full time jobs, and added 47,000 part-time jobs.
. . . → Read More: The Progressive Economics Forum: January Job Gain Part-time, Self-employment
This guest blog post has been written by Louis-Philippe Rochon.
You can follow him on Twitter @Lprochon
Harper’s recent incarnation as an anti-terrorist crusader has caught many Canadians by surprise. Harper is spending considerable political energy beating the drums of war against terrorists, and introducing a far-reaching, and much condemned, bill aimed at restricting . . . → Read More: The Progressive Economics Forum: ROCHON: Harper in closet over the economy as Canada heads toward another recession
In a recent CBC blog post, Louis-Philippe Rochon assesses the current state of the Canadian economy.
The link to the blog post is here.
Follow him on Twitter @Lprochon.
The Bank of Canada surprised most analysts this week when it decided to cut rates by 25 basis points. The move comes after the price of oil has tumbled below $50 / barrel, oil producers announced huge cuts to business investment for 2015, Target announced a mass layoff of 17,600 workers in Canada, and the . . . → Read More: The Progressive Economics Forum: Banks and Balanced Budgets
Unless you’ve been hiding under a rock somewhere, you’re probably well aware that the price of oil has fallen dramatically, to less than $50 / barrel. What this means for Canada’s economic output & labour markets is not yet clear. But Stephen Poloz at the Bank of Canada has said that he expects the effect . . . → Read More: The Progressive Economics Forum: Low Oil Prices, Good or Bad for Canada?
Much has been made about Stephen Poloz’s decision to abandon ‘forward guidance’ in Bank of Canada rate setting announcements for the time being. Critics bemoan the loss of direction from the Bank. But Poloz’s comments yesterday were chock full of guidance on how the Bank sees Canada’s economic situation.
Having been disappointed by the failure . . . → Read More: The Progressive Economics Forum: Bank of Canada, Exports, and LMI
For the first time in a while, Statistics Canada gives us some good news on the job front. 74,000 net new jobs added in September, certainly nothing to sneeze at. Still, we would need to keep this pace up every month for the next year to close the employment gap left by the last recession.
. . . → Read More: The Progressive Economics Forum: Job Numbers Surprise
Just a short post ahead of the job numbers that come out from Statistics Canada tomorrow. We still have so much ground to make up. Five years after the end of the last recession, and Canada’s labour market is still just limping along. And it seems to have taken a turn for the worse recently.
. . . → Read More: The Progressive Economics Forum: Labour market musings
Joe Oliver’s recently announced a Small Business Tax Cut, sorry, Job Credit. Economists across the ideological spectrum denounced it as poorly designed.
This opened up an interesting opportunity for a national debate about what we want E.I. to be – coverage right now is at all time lows, and the accumulated deficit from the last . . . → Read More: The Progressive Economics Forum: Liberal’s EI Plan Rests on Bad Math
Recently, Minister Kenney took to twitter to defend his decision to limit the number of precarious workers entering Alberta through the Temporary Foreign Worker Program. Again, the minister is to be applauded for his grasp of the situation. His changes do little to fix the actual problem though.
The evidence that he cited was the . . . → Read More: The Progressive Economics Forum: Of Rising Tides and Sinking Boats
Today Statistics Canada released their first set of job numbers since the ‘oops’ of July 2014. And the news was dismal. The labour market shed 112,000 private sector positions, the largest single month drop in the private sector since, well, forever. Coming on the heels of a mistake is unfortunate, but you have to think . . . → Read More: The Progressive Economics Forum: Terrible, Horrible, No Good, Very Bad Job Numbers
Statistics Canada reported today that employers cut the number of employees by 98,000 in August, which was largely masked by 87,000 more Canadians identifying themselves as self-employed. As a result, the headline level of “employment” – which includes self-employment – was little changed.
Self-employment ranges from high-income professionals to people eking out a living doing . . . → Read More: The Progressive Economics Forum: Self-Employment Masks Job Loss