Editing National Energy Program (section)

=== Bankruptcies and unemployment ===
In 1982, during the severe global recession, there were over 30,000 consumer bankruptcies in Canada, a 33% increase over the previous year. The bankruptcy rate began to fall from 1983 to 1985, as the economy strengthened.<ref name="Bankruptcy">{{citation |title=Personal Insolvency Guide |first=Earl |last=Sands |url=https://www.bankruptcycanada.com/PersonalInsolvencyGuide.pdf |access-date=27 January 2015 |date=nd |archive-url=https://web.archive.org/web/20150705172027/https://www.bankruptcycanada.com/PersonalInsolvencyGuide.pdf |archive-date=5 July 2015 |url-status=dead}}</ref>{{rp|23}} From 1980 to 1985, bankruptcies per 1,000 businesses in Canada peaked at 50% above the 1980 rate.<ref name="statcan">{{citation |work=Statistics Canada |title=National and Regional Trends in Business Bankruptcies, 1980 to 2005 |date=October 2006 |at=Table A3 Number of bankruptcies per 1,000 businesses, Canada and regions, 1980 to 2005 |url=http://www.statcan.ca/english/research/11-624-MIE/11-624-MIE2006015.pdf |access-date=2008-01-16 |archive-url=https://web.archive.org/web/20080226211533/http://www.statcan.ca/english/research/11-624-MIE/11-624-MIE2006015.pdf |archive-date=2008-02-26 |url-status=dead}}</ref>{{rp|20}} Meanwhile, the bankruptcy rate in Alberta rose by 150% after the NEP took effect.<ref name="National_Post_2012" /><ref name="statcan_a">{{citation |work=Statistics Canada |title=National and Regional Trends in Business Bankruptcies, 1980 to 2005 |date=October 2006 |at=Figure 4-2 Incidence of bankruptcies — Prairie provinces, 1980 to 2005 |url=http://www.statcan.ca/english/research/11-624-MIE/11-624-MIE2006015.pdf |access-date=2008-01-16 |archive-url=https://web.archive.org/web/20080226211533/http://www.statcan.ca/english/research/11-624-MIE/11-624-MIE2006015.pdf |archive-date=2008-02-26 |url-status=dead}}</ref>{{rp|12}}

Since bankruptcies<ref name="statcan" /> and real estate prices<ref name="phn">{{citation |work=Phillips, Hager and North Investment Management Ltd. |title=North American Real Estate: Bubble Trouble? |date=24 June 2004 |quote=Chart 10: Average House Prices (real terms), Eastern Canada (Indexed to 1980 = 100) |url=https://www.phn.com/Portals/0/PDFs/Articles/North%20American%20Real%20Estate%20062504.pdf |access-date=16 January 2008 |archive-url=https://web.archive.org/web/20080226211535/https://www.phn.com/Portals/0/PDFs/Articles/North%20American%20Real%20Estate%20062504.pdf |archive-date=26 February 2008 |url-status=dead}}</ref> did not fare as negatively in Central Canada as in the rest of Canada and in the United States,<ref name="phn_a">{{citation |work=Phillips, Hager and North Investment Management Ltd. |series=North American Real Estate: Bubble Trouble |date=24 June 2004 |title=Chart 1: U.S. Real House Prices (Indexed to 1975 = 100) |url=https://www.phn.com/Portals/0/PDFs/Articles/North%20American%20Real%20Estate%20062504.pdf |access-date=16 January 2008 |archive-url=https://web.archive.org/web/20080226211535/https://www.phn.com/Portals/0/PDFs/Articles/North%20American%20Real%20Estate%20062504.pdf |archive-date=26 February 2008 |url-status=dead
}}</ref> the NEP might have had a positive effect in Central Canada.

The unemployment rate in Alberta rose from 3.7 percent in September 1980 to 12.4 percent in 1984 following passage of the NEP.<ref>{{cite web |last1=Corbella |first1=Licia |title=Corbella: Imagine if the National Energy Program never happened |url=https://calgaryherald.com/news/local-news/corbella-imagine-if-the-national-energy-program-never-happened |website=Calgary Herald |access-date=5 June 2023 |date=28 October 2020}}</ref><ref>{{cite web |last1= |first1= |title=Unemployment rates in Alberta and Canada |url=https://www150.statcan.gc.ca/n1/daily-quotidien/160205/cg-a003-eng.htm |website=Statistics Canada |date= 5 February 2016|access-date=5 June 2023}}</ref>