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It's The Economy, Stupid

David Campbell – A blog about economic development in Atlantic Canada

Month: May 2020

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Moncton CMA building permit values powering through Covid-19, for now

Posted on May 31, 2020 by David Campbell

It might be just a quirk of timing but I was a bit surprised to see the value of building permits issued in Moncton actually rose in April compared to last year.  Across the country, permit values have dropped substantially. …

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Is the crapping on GDP a euphemism for something else?

Posted on May 30, 2020 by David Campbell

I see a lot of social media chatter about GDP being the wrong measure of progress. It’s one thing to say we need better measures of economic activity and outcomes but increasingly I get the sense that people don’t like…

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Covid-19 workforce impacts: Women vs. men

Posted on May 30, 2020 by David Campbell

Using the Labour Force Survey we have some data on the impact of Covid-19 on the labour market situation by male/female in New Brunswick.  I’m using unadjusted data because I am comparing the year-over-year numbers. The number of unemployed women…

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Open economy and Covid-19 management: Contact tracing is key

Posted on May 30, 2020 by David Campbell

Has anyone seen a story in New Brunswick about the provincial contact tracing process?   The Economist has a great story this week covering how other countries are doing it.  Germany, which still has hundreds and hundreds of new cases per…

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From Bubble Boy to inter-jurisdictional bubble tourism?

Posted on May 27, 2020 by David Campbell

Of all the cute – and partially creepy – terms that have crept into the vernacular in recent weeks, ‘bubble’ is probably my favourite (describing now as ‘Covidic times’ is a close second). From the original bubble boy of Seinfeld…

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The TFWs are coming, Hurrah! Hurrah!

Posted on May 22, 2020 by David Campbell

You can sympathize with the Premier. There were 55,000 unemployed officially in April and if our goal as a province is to have the same employment rate (share of the adult population employed) as the country overall that would add…

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Growing Pains: A conversation with the NB Biz Council’s Adrienne O’Pray

Posted on May 22, 2020 by David Campbell

Matt and I had another good conversation this week.  This time Adrienne O’Pray from the New Brunswick Business Council was on the hot seat.  There is a lot of focus on getting Main Street back to health (restaurants, hair stylists,…

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Business entry and exit in the time of Covid-19

Posted on May 19, 2020 by David Campbell

In a typical year, around 3,000 private sector employers go out of business.  This means that every year around 12% of all businesses go under (and again these are employer businesses so they must have staff).  Nearly 13% of restaurants…

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Exports to the United States and Covid-19: New Brunswick edition

Posted on May 15, 2020 by David Campbell

Like most other statistics, the most recent data we have starts to show the potential impact of Covid-19 but not the full picture.  We have data through March 2020 but April will be more informative. We do know the value…

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RBC issues sobering NB deficit prediction

Posted on May 13, 2020 by David Campbell

Robert Jones at the CBC has been doing some solid reporting on the data related to Covid-19 in recent weeks.  His story this morning on the forecasted NB budget deficit is sobering.  He is reporting the Bank of Nova Scotia…

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