recession

Blog
Sep 29, 2011

Wage deflation confirmed

Andrew Jackson
In an earlier post, I noted that falling real wages, as indicated by July and August data from the Labour Force Survey, signalled trouble ahead.
Columnists
Sep 22, 2011

Profile of displaced workers

There's an interesting new research report from Statistics Canada profiling workers who were displaced in the recent recession and comparing the outcomes to previous recessions in earlier decades.
Blog
Sep 22, 2011

Global imbalances

Andrew Jackson
The IMF World Economic Outlook notes that the desired process of rebalancing global demand from countries with large trade deficits to countries with large trade surpluses is not going very well.
Blog
Sep 21, 2011

Trade unions urge G20 action on jobs

Andrew Jackson
The G20 labour ministers' meeting next week is being held against the background of high unemployment in the advanced economies, and the prospect for unemployment to increase even further.
Blog
Sep 16, 2011

Falling real wages signal trouble ahead

Andrew Jackson
The Labour Force Survey for August showed that average hourly wages were up by just 1.4 per cent from a year earlier. It seems that we have entered a period of falling real wages.
Blog
Aug 25, 2011

The macro-economics of financing employment insurance

Andrew Jackson
The federal government has launched consultations on EI premium setting. This provides the opportunity to shift from an ad hoc system to one that is more fair to workers and economically rational.
Blog
Aug 24, 2011

Recession ahead?

Andrew Jackson
TD Economics released a rather gloomy report, putting the odds of a U.S. recession at 40 per cent, and arguing that the Canadian economy is more vulnerable to recession than it was in 2008.
Blog
Aug 19, 2011

On balancing the budget

Andrew Jackson
Andrew Watt has written an especially cogent piece on why the balanced budget rule proposed for the Euro area by Merkel and Sarkozy is a very, very bad idea.

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