High savings show government pandemic income support badly missed the mark: MLI labour market report

OTTAWA, ON (December 2, 2020): In a new study for the Macdonald-Laurier Institute, Munk Senior Fellow Philip Cross finds that Ottawa massively overspent on benefits to individuals, indebting the country without helping those who needed it most. MLI’s latest labour market report, titled “COVID-19’s economic fallout: Addressing poorly targeted income support and the mythical ‘she-cession’,”… Continue reading High savings show government pandemic income support badly missed the mark: MLI labour market report

Impact of COVID-19 Policies on Jobs More Terrible than Forecast, Bound to Get Worse: MLI Labour Market Report

OTTAWA, ON (April 17, 2020): In March, Canada’s labour market suffered its most significant setback in history. The economic impacts of COVID-19 have, in just one month, exceeded the total damage suffered during the recessions of 1981-1982, 1990-1992, or 2008-2009. Even still, the labour market impacts of our response to COVID-19 are not yet fully… Continue reading Impact of COVID-19 Policies on Jobs More Terrible than Forecast, Bound to Get Worse: MLI Labour Market Report

Ontario job surge slows, minimum wage hike bites youth employment: MLI Labour Market Report

OTTAWA, ON (September 10, 2019): The Macdonald-Laurier Institute’s Labour Market Report for Q2, 2019 has been released, suggesting a return to employment normalcy following a surprisingly strong Q1. Overall, job growth increased by an average of 0.7 percent from April to July, although all of the increase occurred in April. The employment rate edged up slightly… Continue reading Ontario job surge slows, minimum wage hike bites youth employment: MLI Labour Market Report

New governments in Ontario and Quebec drive surprising job growth: MLI Labour Market Report

OTTAWA, ON (April 18, 2019): Canada has been experiencing surprising growth in employment despite a consistently-sluggish economy. And, even though job numbers are looking good, wage growth remains stagnant. What explains these contradictions? To make sense of all this “noise,” the Macdonald-Laurier Institute has released its Labour Market Report for Q1, 2019. Report author and MLI… Continue reading New governments in Ontario and Quebec drive surprising job growth: MLI Labour Market Report

Cannabis bump won’t make up for oil slump impact on employment: New MLI labour market report

OTTAWA, ON (January 23, 2019): Record low prices for Alberta oil mean bad news for employment figures across the country, according to the Macdonald-Laurier Institute’s Labour Market Report for Q4, 2018. The report also reveals that the leading indicators of the economy, including commodity prices and the stock market, have softened. “Energy is our leading export and… Continue reading Cannabis bump won’t make up for oil slump impact on employment: New MLI labour market report

Income growth slows following minimum wage hikes: MLI’s Labour Market Report

OTTAWA, ON (October 19, 2018): The Macdonald-Laurier Institute’s Labour Market Report for Q3, 2018, has been released, with key indicators suggesting that minimum wage hikes have actually slowed real income growth. “Overall the hoped-for boost to household incomes did not materialize for several reasons,” writes MLI Munk Senior Fellow and report author Philip Cross. “The number… Continue reading Income growth slows following minimum wage hikes: MLI’s Labour Market Report

Low unemployment fails to raise wages: New report by Philip Cross

OTTAWA, ON (July 27, 2018): Many Canadians are worried about the impact of disruptive economic and political forces on jobs and the economy. Even when the unemployment rate hit historic lows earlier this year, other economic indicators were already telling us all is not well. Today, the Macdonald-Laurier Institute launches the first in a series of… Continue reading Low unemployment fails to raise wages: New report by Philip Cross

Unemployment rate is misunderstood: Philip Cross on Global News Radio

Munk Senior Fellow Philip Cross talks to Danielle Smith on Global News Radio 770 CHQR on his recent MLI report that explores how Canada’s unemployment numbers can be misleading. “Unemployment is the most followed statistic that Statistics Canada puts out,” says Cross. “But it’s also probably one of the least understood – and that misunderstanding… Continue reading Unemployment rate is misunderstood: Philip Cross on Global News Radio

The unemployment rate is low. So what?: MLI report by Philip Cross

OTTAWA, ON (May 10, 2018): When the latest Canadian job numbers come out tomorrow everyone will focus on the unemployment rate, but should they? According to MLI Munk Senior Fellow Philip Cross, an obsessive focus on the unemployment rate has given Canadians a distorted view of the economy and labour market. Cross, author of the new MLI report:… Continue reading The unemployment rate is low. So what?: MLI report by Philip Cross