With the debt limit debate raging in Washington, D.C., some experts are projecting significant impacts on regional economies if no deal is reached before the June 1 deadline, with more workers in California expected to lose their job than in any other state if the breach is prolonged, according to a recently released report from…
Statistics Canada Says 200,000 Jobs Lost in January
The Canadian economy lost 200,000 jobs in January amid stricter public health rules put in place to slow the spread of the Omicron variant of COVID-19. The decrease marked the largest drop since January 2021, when the economy shed 207,800 jobs, Statistics Canada said Friday. The job losses also pushed the unemployment rate to 6.5…
Just 3 Percent of CEOs Say COVID-19 Is Their Top Worry: Report
While the fear of getting fired has risen sharply among C-suite executives due to various disruptive forces buffeting their businesses, a mere 3 percent identified COVID-19 as their top worry, according to the CEO of management consultancy AlixPartners. In a Dec. 27 interview with Yahoo Finance, AlixPartners CEO Simon Freakley previewed some of the topline findings…
Strong CA Economy in 2022 Before Potential Recession in 2023: Chapman Economist
Californians may see a strong economy in 2022, but the possibility of a recession in 2023 lingers, President Emeritus and Economist James Doti said during Chapman University’s 44th annual economic forecast on Dec. 14. As pandemic restrictions for businesses dwindle, California anticipates job growth of 4.2 percent in 2022 in comparison to 3.5 percent nationwide,…
Infrastructure Bill Includes Provision to Study Job Loss Impact of Keystone XL Cancellation
The newly unveiled 2,702-page bipartisan infrastructure bill includes a provision to study the job loss and impacts on consumer energy costs of President Joe Biden’s decision to revoke the Keystone XL pipeline project permit. Section 40434 of the bipartisan package (pdf), which senators released on Sunday, calls on Jennifer Granholm, the Secretary of the U.S. Department…
Canadian Economy Lost 63,000 Jobs in December, First Decline Since April
OTTAWA—Statistics Canada says the economy lost 63,000 jobs in December in the first monthly decline since April amid tightened public health restrictions to slow a resurgence in the pandemic. The unemployment rate edged up to 8.6 percent compared with 8.5 percent in November. The result ended a streak of monthly job gains that began in…
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