NL Quarterly Pop Est 521,542 -0.002
NL Payroll Employment 216,111 0.6% y/y
NL Weekly Wages 1,058.81 2.3% y/y
NL CPI 136.2 1.9% y/y
St. John's Unemp. Rate 7.4% 2.0 pts
Median Age NL 47.1 0.6 year
NL Retail Sales $0.8B 0.3% m/m
NL Life Satistfaction 10 MAX
NL Housing Starts 315 21% y/y
Source: between 1949-50 and 2004-05, the cash-based data were taken from Public Accounts of Newfoundland and Labrador, Vol III, various years, for 2005-06 and beyond, the cash-based data, was taken from The Report on the Program and Expenditures of the Consolidated Revenue Fund, and accrual- based data was taken from Public Accounts of Newfoundland and Labrador, Vol I, various years.
Sources: Public Accounts (2006-2018), GNL Estimates 2019 (2019-20) and Fiscal Update 2019-20
The accrual based revenue from the 2019 Atlantic Accord transfer tend to distort the true picture for 2020. The "adjusted revenue" might be better to use in this current discussion.
Source: Public Accounts of Newfoundland and Labrador
Sources: Province of Newfoundland and Labrador Public Accounts, Consolidated Summary Financial Statements for the Year Ended March 31,2019, Schedules 6 & 13
Are we really borrowing from our Master Card to pay the interest on our Visa card?
Source: Province of Newfoundland and Labrador Public Accounts, Consolidated Summary Financial Statements for the Year Ended March 31,2019, Schedules 11 & 13
Read Commentary September 29, 2021
Status quo in NB: no growth, aging population, stalled resource development, de-industrialization, and high and growing public debt.
Author: Herb Emery
Read Paper May 08, 2021
Having accumulated nearly $50 billion in debt for a population of slightly more than one-half a million people, the status quo is no longer sustainable.
Author: Wade Locke and Doug May
Read Paper #4 Apr 12, 2021
Our provincial government is on an unsustainable fiscal trajectory. We argue a strategy can be concocted using the principles and strategies that we have already agreed to or have accepted in the past. We don’t need to reinvent the Wheel.
Author: Doug May and Wade Locke
Read Paper #3 Apr 12, 2021
Paradigm shifts needed in public sector governance and in the analytical policy-making framework should occur in:
Author: Doug May, and Wade Locke
Read Paper #2 Updated Apr 04, 2021
Author: Doug May, Patti Powers, Alton Hollett, and Wade Locke
Read Commentary Jan 31, 2020
Canadian, US, and British governments are fixated on the “prosperity of the middle class”. The US and Britain are also focused on the “Top 1%” and growing inequality. The political story: middle class has been “hollowed out” increasingly struggle to make ends meet; top 1% is grabbing most of the wealth. Does this story correspond to the facts?