Election Masks Loss of Youth Employment

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Election Conceals Deteriorating Labour Market The period covered by October’s Labour Force Survey included election day. Temporary hiring for the election increased public-sector employment by slightly more than private-sector employment declined. In particular, jobs disappeared in every goods-producing industry: manufacturing, construction, utilities, natural resources and agriculture. Since 2002, manufacturing employment fell by 350,000 largely because supply-side factors – rising energy […]

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The Case for Public Investment Led Growth

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It strikes me that progressive economists should talk less about the need for immediate fiscal stimulus, and more about the case for an extended period of public investment led growth. Of course, as we slide into recession, Canadian governments will likely shift from surpluses to deficits simply by not cutting spending as much as revenues fall in line with shrinking […]

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What’s Happening at HRSDC?

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Here’s a conundrum. Diane Finley was appointed as Minister of Human Resources and SKILLS Development, though the Minister she replaces was the Minister of Human Resources and SOCIAL Development. If you go to the web site for the Department of Human Resources and SOCIAL Development, you’ll find that the Minister is the Minister of Human Resources and SKILLS Development. http://www.hrsdc.gc.ca/en/corporate/ministers/index.shtml […]

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Preventing a Global Slump

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Here is a particularly gloomy but I think realistic assessment from the Financial Times economics editor Martin Wolf who has become just as gloomy as Roubini.  I fear outright deflation beckons if the G-20 leaders don’t get their act together in just two weeks. http://www.ft.com/cms/s/0/6e23cdc8-a517-11dd-b4f5-000077b07658.html Preventing a global slump must be the priority By Martin Wolf Published: October 28 2008 […]

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