Canada: British Columbia Employment Law Overview - Davis LLP
A brief overview of the implications of ending an employment relationship in British Columbia.
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Mondaq
Can Housing Power the Economic Recovery?
Economic recoveries usually begin at home. Even though the housing construction has historically only accounted for roughly 5% of America’s economic activity, that number tends to rise following recessions, placing a disproportionate burden on the housing sector to lead the economy to recovery. Why is this? There are several reasons. First of all, since a new home is usually the biggest purchase any of us will make, we tend not to do it during recessions. Recessions cause housing demand to become pent up and then released once a recovery begins. Secondly, investment in a new home usually necessitates many other big ticket purchases like furnishing and appliances. Finally, construction is a a great source of relatively high-paying jobs for lower-skilled workers — the sorts of jobs that we’ve been sorely missing since the financial crisis. And just as housing construction creates demands for different consumables, it also has a trickle-down effect on employment, creating the need for ...
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Home Price Gains Continue Increasing Nationwide
Citing “steady employment and low borrowing rates” as well as inventories that have fallen “to their lowest post-recession levels,” the S&P Dow Jones Indices released Case-Shiller housing data that showed home prices jumping 8.1% from the previous year. When charted, the data looks like it’s been hit with a booster rocket, with the past three months’ reports showing solid year-over-year gains of 5.5%, 6.8%, and the just-reported 8.1%. All twenty metro areas covered in the index posted gains, ranging from New York’s 0.6% to Phoenix’s 23.2%. Eight cities’ gains were in the double-digits: Miami (10.8%); Los Angeles and Minneapolis (each 12.1%); Atlanta (13.4%); Detroit (13.8%); Las Vegas (15.3%), and San Francisco (17.5%), in addition to Phoenix. That list is notable for its breadth: Miami, Las Vegas, and Phoenix all fell victim to a run of investment speculation during the housing boom, and subsequently crashed hard; but the other five metros range from rust-belt economies ...
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Bank of England opts against another stimulus
LONDON -- The Bank of England has opted against injecting more money into the ailing British economy, which has one foot in recession....
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Why Being a Quitter Is a Good Sign for the Economy
You only quit a job when you feel you can find something better. And in December, more Americans felt confident enough to pack up their desks and look for employment elsewhere than at any time since the start of the Great Recession. Every month the Bureau of Labor Statistics releases a Job Openings and Labor Turnover Survey (JOLTS), which polls employers about the number of employees they laid off and how many up and quit. (MORE: Does President Obama Really Believe in Deficit Reduction?) In December, employees who left of their own volition made up 53% of all “job separations,” totaling 2.16 million Americans. About 1.57 million were fired while 345,000 either retired, transferred, died, or became disabled. That percentage of American quitters is the highest it’s been since June 2008, suggesting that workers are feeling at least somewhat optimistic about the economy and their chances of finding employment elsewhere. “I would hesitate to call it a strong sign of recovery,” says ...
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