Job Vacancies vs. Unemployment

Progressive economists have advocated expansionary fiscal and monetary policies to boost demand and create jobs, given the high rate of unemployment. By contrast, employers and conservative commentators complain of unfilled vacancies and labour shortages, emphasizing policies to increase labour supply and labour mobility. Today’s new Statistics Canada survey of job…
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Corporate Taxes and Investment in Ontario

Last week, Ontario’s Ministry of Finance released the Ontario Economic Accounts for the third quarter of 2011. As The Globe reported, business investment was less than impressive: . . . investment in machinery and equipment fell slightly by 0.2 per cent between June and September, 2011, prompting Ontario Finance Minister…
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The Cuts Behind the Curtain

Today, the CCPA released a study I authored titled: The Cuts Behind the Curtain: How federal cutbacks will slash services and increase unemployment.  The report examines all three waves of federal government cutbacks starting with the 2007-2010 strategic reviews, but also projecting the effects from the 2010 personnel budget freeze…
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Wall Strikes Out on Fiscal Federalism

Saskatchewan’s Brad Wall recently issued a statement exhorting his fellow Premiers to blaze largely unspecified new trails on healthcare, Employment Insurance and Equalization. Unfortunately, he misses the ball on all three issues. Greg Fingas and Verda Petry have already refuted Wall’s call for further healthcare privatization. On Employment Insurance, Wall…
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EI Benefits Decline Amid Rising Unemployment

Today, Statistics Canada reported that the number of Canadians receiving Employment Insurance (EI) benefits fell for a third consecutive month in November. This decline would be good news if it reflected an improving labour market. Unfortunately, unemployment has also increased for three consecutive months. The trend is a dwindling number…
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Deregulation: A Bad Idea Crosses the Atlantic

The Harper government announced today that federal “regulators will be required to remove at least one regulation each time they introduce a new one that imposes administrative burden on business.” At the risk of imposing a proofreading burden on communications staff, that sentence is missing the word “an.” I first…
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