The unemployment rate says everything is fine. So why does finding a job feel impossible?

Canada has added nearly 200,000 jobs and unemployment sits around 6.5%. On paper, that’s a “normal” economy. But talk to young workers, or anyone trying to switch jobs, and you’ll hear a very different story: hundreds of applications, zero callbacks, and months of silence.

In this episode of Classonomics, Sabrina Maddeaux and Mike Moffatt break down the hidden story behind the headlines. They explain why low unemployment can mask a frozen job market — one with fewer layoffs, fewer hires, and far fewer opportunities for people trying to get in.

If you’re a recent grad, stuck in your career, or wondering why the economy feels worse than the data suggests, this episode is for you.

Tell us in the comments: How long has your job search taken? Has it been harder than expected?

Chapters:

00:00 – Why Finding a Job in Canada Feels Impossible Right Now

01:57 – Beyond Unemployment: The Hidden Labour Market Indicators

05:28 – Why Employers Have the Upper Hand Right Now

06:12 – Global Uncertainty, Trade Tensions & Hiring Freezes

07:26 – The "Low-Hire, Low-Fire" Equilibrium Explained

10:21 – How Over-Regulation Stifles Economic Growth

13:06 – The Systemic Impact of Locking Out a Generation

14:20 – The Housing Theory of Everything

Research:

Consulting the Magic 8 Ball of Canada’s Job Market

The Job Market Is Frozen:Unemployment is low, but workers aren’t quitting and businesses aren’t hiring. What’s going on?

Canada’s shifting labour market: Recalibrating ‘breakeven employment’

Glassdoor Worklife Trends 2025

Employment by industry, monthly, seasonally adjusted and unadjusted, and trend-cycle, last 5 months (x 1,000) 1, 2, 3, 4

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux

Produced by Meredith Martin

This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.

Does having a baby mean you're officially "car-dependent"?

In this episode of DemograFix, Cara Stern and Reece Martin, of @RMTrasit, tackle the reality of navigating Canadian cities with kids. While many parents are told that a private vehicle is the only safe or convenient way to get around, Cara and Reece explore why our transit systems often fail families – and how we can fix them.

From the "elevator roulette" at subway stations to the hidden costs of car ownership, we’re breaking down the barriers to urban parenting.

Have you ever been "trapped" at a subway station with a stroller or in a wheelchair? Let us know in the comments.

Chapters:

0:00 Introduction

00:44 The "Car Trap": Why parents feel forced to drive

01:38 Canadian Transit vs. the US: How do we actually rank?

03:22 The Stroller Struggle: Accessibility "on paper" vs. reality

08:47 A Tale of Two Cities: Toronto, Montreal, and the elevator gap

13:11 Reece on the GoTrain accessibility car

15:50 The Hidden Cost: Is owning a car costing you a second child?

19:45 Policy solutions for family friendly transit

25:02 Why free transit for kids is a game changer

28:15 The problem with busses

29:48 Teens and Transit: How free fares encourages a healthier lifestyle

33:15 Making cities livable for the next generation

Research/links:

Studies on impact on free fares on active transportation for teens

https://www.getonthebus.ca/resources

Transit Use by Children and Adolescents: An Overlooked Source of and Opportunity for Physical Activity? - PMC

https://pmc.ncbi.nlm.nih.gov/articles/PMC5502534/

Engaging students to increase public transit ridership A guide for using city–school partnership to inspire youth to choose sustainable transportation.

https://greenmunicipalfund.ca/sites/default/files/documents/resources/guide/guidebook-engaging-students-to-increase-public-transit-ridership-gmf.pdf

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux

Produced by Meredith Martin

This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.

Your 20s: risky bets, crypto hype, and meme stocks. 🎲 Sabrina Maddeaux and Mike Moffatt explain why being priced out of a home is turning saving into gambling — and why young men are taking the biggest swings.

In this episode of The Missing Middle – Classonomics, we unpack why a generation priced out of housing is turning to meme stocks, crypto, and online sports betting instead of traditional saving. Mike and Sabrina explore how the “gamification” of investing on your phone blurs the line between investing and gambling, why young men dominate high-risk trading, and what research tells us about the link between gambling, crypto, and financial stress.

The conversation introduces the idea of “financial nihilism” — when homeownership feels impossible, big bets can start to seem rational. They also debate solutions, from tighter gambling advertising rules to better financial education and, most importantly, fixing housing affordability. Is this risky behavior a cultural problem, a policy failure, or both? Watch to find out — and tell us in the comments if you’ve ever placed a big bet with your money.

Chapters:

00:00 Introduction

01:10 The high-risk landscape

02:15 Personal experience with risk

03:00 Demographics of gamblers and investors

04:35 Gambling vs investing

05:30 The Risks of sports gambling & prediction markets

06:52 The difference between zero-sum and negative-sum behaviour

08:53 The link between gambling & crypto trading

11:01 How the culture of gambling is hurting young men

12:22 How the housing crisis leads to financial nihilism

14:22 How big risks start to become rational choices

15:38 The role of social media

16:24 YOLO spending and the gendered aspect of risky bets

17:50 Mike drops a hockey metaphor

19:23 Solutions: Regulation, education and home ownership

Research:

Canada Is Finally Regulating Stablecoins – Here’s Why It Matters

Cryptocurrency trading, gambling and problem gambling

"Giving Up": The Impact of Decreasing Housing Affordability on Consumption, Work Effort, and Investment

Newsletter Sabrina mentions:

1 big thing: Gen Z plays the economy like a casino

Are We Ignoring a Generation of Struggling Young Men?

All Bets Are On: The Rise of Prediction Markets

The Doom Spenders

polymarket.com Website Traffic Demographics

Gambling Statistics Canada 2026 – Unveiling Canada’s Gambling Landscape

Hosted by Mike Moffatt & Cara Stern & Sabrina Maddeaux

Produced by Meredith Martin

This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.