tj444
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Joined: 3/7/2010 Status: offline
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quote:
ORIGINAL: MrRodgers quote:
ORIGINAL: Musicmystery And yet their unemployment rate remains around 7%. Gosh, you'd think all that job growth would change that . . . . . . if it were real and significant. Canada's unemployment rate has fallen about 1/5% or more since it's high around '09. It is specifically the natural resources such oil and gas, as well as timber that have been among the contributors. maybe the way Canada counts the unemployment rate differs to how the US skews their unemployment rates? what is the US true unemployment rate anyway? Its like comparing apples to oranges.. And too, what is the quality of these jobs? are they full time jobs or just part time jobs? are they good paying jobs with a good future or only minimum wage dead end jobs? "The Great Recession of 2007–09 had severe consequences in both Canada and the United States, including significant net job losses, totalling 430,000 in Canada and 8.7 million in the United States. Fortunately, significant progress has been made since the crisis. The Canadian job market has proved to be particularly resilient, recovering the number of jobs it lost during the recession and adding about 600,000 more. As of December 2013, the United States had regained only about 85 per cent of its job losses. Although unemployment rates in both countries are down significantly from the sharp increases seen during the recession, the recovery in labour markets remains incomplete. For example, an unusually large share of the unemployed have been out of work for six months or more, and many workers who would like to work full time have been able to obtain only part-time employment." http://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-zmitrowicz.pdf
< Message edited by tj444 -- 6/15/2014 6:48:39 AM >
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