{"id":35344,"date":"2018-06-21T09:44:46","date_gmt":"2018-06-21T14:44:46","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35344"},"modified":"2018-06-21T09:44:46","modified_gmt":"2018-06-21T14:44:46","slug":"a-made-in-canada-recession-story","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35344","title":{"rendered":"A Made In Canada Recession Story!"},"content":{"rendered":"

A Made In Canada Recession Story! <\/span><\/a><\/h3>\n

The Canadian economy lost 7,500 jobs<\/a> last month (May), and unemployment was still at 5.8%. This, despite analyst forecasts that the country would likely add roughly 22,000 jobs to the economy. Rewind to the previous monthly jobs report (April). Analysts had predicted that we would add approximately 20,000 jobs to the economy, yet we ended the month losing 1,100 of them instead. Could this be a precursor to what recessions are made up of \u2013 gradually snowballing unemployment?<\/span><\/p>\n

Telling Stats<\/strong><\/b><\/span><\/p>\n

While pundits watching these statistics through rose coloured glasses tell us not to worry because unemployment is still just at 8.5%, other predictions paint a different picture. Current Canadian unemployment forecasts for the immediate future indicate that things are likely to get bad, before they get worse. Unemployment is expected to tick up to 6% in Q3-2018<\/a>, and balloon up to 6.7% in 2020.<\/span><\/p>\n

What Canadian\u2019s should be more concerned about is the Labour Participation Rate \u2013 a number that tells us what percentage of individuals continue to actively participate in the workforce. After maintaining a steady pace of 65.5% in Jan, Feb and March 2018, the participation rate has seen a steady decline to 65.4% and 65.3% in April and May. <\/span><\/p>\n

What\u2019s even more telling is the fact that there was a decline in steady, stable full-time employment. It was part-time workers that filled the void and brought our unemployment rate to where it is today. Those part-time positions are \u201cprecarious\u201d at best, and that could evaporate at any time. And that would add to the already stressful state of our economy.<\/span><\/p>\n

Taking Stock<\/strong><\/b><\/span><\/p>\n

Stock markets of any country are considered bellwethers of the economy. A booming stock market indicates prosperity, while a slump in the stock market usually spells trouble.\u00a0 Most recessions in the past have been heralded via massive declines in stock indices. So far, Canada\u2019s premier stock market index \u2013 the S&P\/TSX Composite Index<\/a> \u2013 is up by 5.85% on a Quarter-to-Date (QTD) basis. So, this bodes well for Canada, doesn\u2019t it? <\/span><\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

A Made In Canada Recession Story! The Canadian economy lost 7,500 jobs last month (May), and unemployment was still at 5.8%. This, despite analyst forecasts that the country would likely add roughly 22,000 jobs to the economy. Rewind to the previous monthly jobs report (April). Analysts had predicted that we would add approximately 20,000 jobs […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[103,20604,1264,2084,824,4318],"class_list":["post-35344","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canada","tag-derailed-capitalism","tag-recession","tag-statistics","tag-unemployment","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35344"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35344\/revisions"}],"predecessor-version":[{"id":35345,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35344\/revisions\/35345"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}