unemployment – Benefits Canada.com

Liberals foresee high unemployment, $343 billion deficit due to coronavirus

mschmit — Thu, 09 Jul 2020 04:19:33 +0000

Nearly two million Canadian workers could remain unemployed this year, according to forecasts in the federal government’s long-awaited “fiscal snapshot.” The document released Wednesday details how the Trudeau Liberals see the coronavirus pandemic dragging down the domestic economy and sending the deficit to a historic $343.2 billion. The economic and fiscal report lays out the […]

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National unemployment rate hits new record even as economy adds jobs

mschmit — Fri, 05 Jun 2020 05:45:35 +0000

Statistics Canada is reporting a record high unemployment rate as the economy added 289,600 jobs in May, with businesses reopening amid easing public health restrictions. The unemployment rate rose to 13.7 per cent, topping the previous high of 13.1 per cent set in December 1982 in more than four decades of comparable data. The increase […]

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Post-election, U.S. faces catastrophic structural unemployment

mschmit — Mon, 12 Nov 2012 12:29:26 +0000

Gridlocked government in poor shape to deal with economic risks.

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