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Home > A number is never just a number: Austerity's discontents

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Hennessy's Index
A number is never just a number: Austerity's discontents

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Hennessy's Index [2]
| June 1, 2012
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75 million

Number of youth, aged 15-24, who will be unemployed globally this year. That's 6% more than in 2007. The global youth unemployment rate is 12.7%. (Source [9])

46.4%

The 2011 youth unemployment rate in Spain, up from 18.2% in 2007. (Source [10])

13.9%

Canada's youth unemployment rate in April; nearly twice as high as the 7.3% rate for the overall labour market. (Source [11])

20.4%

Percentage of Canadian youth, ages 15-24, who fell into Statistics Canada's broader category of unemployed, including discouraged, waiting or involuntarily part-time workers in April. (Source [12] -- click add/remove, click ages 15-24, see category R8)

6.4

Number of unemployed Canadian workers for every reported job vacancy. (Source [13])

40%

Percentage of unemployed Canadians who are actually eligible for Employment Insurance. (Source [14])

30%

Pay cut the federal government expects Canadians to accept if they've been on Employment Insurance for 7-18 weeks (7 for "frequent" claimants, 18 for "occasional") and are offered a lower paying job than the one they had before. (Source [15])

29,600

Estimated number of full-time federal public sector job cuts by 2015, following three rounds of cutting. (Source [16])

100,000

Number of total jobs the Parliamentary Budget Office estimates will be lost in Canada by 2014-15 as a result of federal and provincial government cutbacks. (Source [17])

105,000

Number of Ontario public (65,000) and private (40,000) sector jobs the Centre for Spatial Economics estimates will be lost in 2015 due to provincial government cutbacks. (Source [18])

100+

Number of days Quebec students took to the streets by the hundreds of thousands to protest austerity budget proposals that include raising tuition by 75% over several years. It has culminated in a controversial emergency law limiting public protest and a youth movement dubbed Printemps érable. (Source [19], source [20] and source [21])

The Canadian Centre for Policy Alternative's Trish Hennessy [22] has long been a fan of Harper Magazine's one-page list of eye-popping statistics, Harper's Index. Instead of wishing for a Canadian version to magically appear, she's created her own index -- a monthly listing of numbers about Canada and its place in the world. Hennessy's Index -- A number is never just a number -- comes out at the beginning of each month.

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Tags:
Austerity [23] austerity measures [24] budget [25] EI [26] government spending [27] quebec student strike [28] unemployment [29] unemployment rate [30] youth [31]

Related items

related_item1

A number is never just a number: Federal budget 2012 [32]

related_item1_desc

This month, the Hennessy Index breaks down the 2012 federal budget and death by 1,000 spending cuts.

related_item2

Talking the world into taking the wrong direction [33]

related_item2_desc

By urging fiscal restraint and encouraging austerity, Harper and his G8 summit colleagues in 2010 totally misread the direction of the world economy, and have made a bad economic situation much worse.

related_item3

The real culture of dependency: In defence of Atlantic Canada [34]

related_item3_desc

The practical, economic and social objections to our EI system melt away when we give ourselves a refresher on EI -- what it is, where it comes from, what it's for, and when we need to worry about it.


Source URL (retrieved on May 20 2013 - 11:12pm): http://rabble.ca/columnists/2012/06/number-never-just-number-austeritys-discontents

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[9] http://www.huffingtonpost.com/2012/05/22/global-youth-unemployment_n_1537103.html?ref=canada-business&ir=Canada%20Business
[10] http://www.bloomberg.com/news/2012-05-22/ilo-says-global-youth-unemployment-may-stay-elevated-for-years.html
[11] http://www.thestar.com/business/article/1182249--youth-jobless-rates-remain-high-globally-report-says#.T7vVLN-NUEI.twitter
[12] http://www5.statcan.gc.ca/cansim/pick-choisir?lang=eng&p2=33&id=2820085
[13] http://www.behindthenumbers.ca/2012/05/16/memo-to-ministers-the-issue-is-unemployment-not-job-vacancies/
[14] http://www.thestar.com/news/canada/politics/article/1183424--ei-reform-unemployed-canadians-face-crackdown-under-federal-changes?bn=1
[15] http://www.behindthenumbers.ca/2012/05/24/the-economics-of-ei-reform/
[16] http://www.behindthenumbers.ca/2012/05/17/federal-jobs-cuts-clarity-is-always-one-year-away/
[17] http://www.behindthenumbers.ca/2012/04/25/pbo-strikes-again/
[18] http://www.behindthenumbers.ca/2012/04/23/mcguinty-budget-would-cut-over-100000-jobs/
[19] http://www.winnipegfreepress.com/canada/timeline-of-events-in-quebec-student-strike-now-100-days-old-152747465.html
[20] http://ca.reuters.com/article/domesticNews/idCABRE84H12620120528
[21] http://www.vancouversun.com/news/Quebec+students+signal+they+could+ready+compromise+tuition+increases/6685295/story.html
[22] http://www.policyalternatives.ca/publications/commentary/hennessys-index-number-never-just-number
[23] http://rabble.ca/category/tags-issues/austerity
[24] http://rabble.ca/category/tags-issues/austerity-measures
[25] http://rabble.ca/category/tags-issues/budget
[26] http://rabble.ca/category/tags-issues/ei
[27] http://rabble.ca/category/tags-issues/government-spending
[28] http://rabble.ca/category/tags-issues/quebec-student-strike
[29] http://rabble.ca/category/tags-issues/unemployment
[30] http://rabble.ca/category/tags-issues/unemployment-rate
[31] http://rabble.ca/taxonomy/term/110
[32] http://rabble.ca/columnists/2012/04/number-never-just-number-federal-budget-2012
[33] http://rabble.ca/columnists/2012/05/talking-world-taking-wrong-direction
[34] http://rabble.ca/blogs/bloggers/behind-numbers/2012/05/real-culture-dependency-defence-atlantic-canada