“Real” Unemployment Rate Passes 12%
Posted by Andrew Jackson under labour market.
April 9th, 2009
Comments: 3
Statistics Canada provides an “R8″ unemployment rate which adds to the unemployed:
- discouraged job searchers who have dropped out of the labour force
- those working part -time due to unavailability of hours
- those not looking for work because awaiting a return to work
By this measure, the unemployment rate jumped from 11.7% to 12.4% last month — driven not just by the sharp rise in unemployment, but also by falling labour force partcipation and a shift from full time to part time jobs.
As noted by Erin in his post on the numbers , we base access to EI and duration of benefits on the official unemployment rate, which is not adequately registering the pronounced decline in labour market conditions.
Comments
Comment from dana rispolie
Time: April 22, 2009, 5:37 pm
I live in Toronto Ontario Canada and I always wondered why our government says we are in a serious economic downturn but the stated unemployment rate is at 8% which in my opinion does not seem that high.
I know the recession is getting worse because I have been looking for work for months and even trying to find part time work is hard enough.
Our government is concealing the truth and or plain out lying.
Comment from Joseph V
Time: January 19, 2010, 2:59 pm
I live in BC; in the Kelowna area.
I have been trying to get a new job for 4 months now, sending out atleast 100 resumes to all sorts of places requesting to work, these places simply have stacks of resumes and I get no response at all. Unemployement is nearing 35% in most areas close to the USA, Where i work, all construction is incredibly slow, a site that had 300 workers a few months back now has 50. The rest get laid off.
The World Government’s Depopulation agenda is activating. USA’s depopulation is beginning and Canada’s will follow soon afterwards.
Comment from CrazeeCarl
Time: January 25, 2010, 6:10 pm
I have been looking for a P/T job for the last 4 months. I’m completely amazed @ the lack of responses I recieve.
I believe the rate of unemployment is much higher than the Government is telling us.
Related articles
- Debating Interprovincial Trade (July 24th, 2010)
- More Unemployment = More EI (July 22nd, 2010)
- Jobs Recovery Far From Complete (July 21st, 2010)
- Jobs and Inflation: The Missing Link (July 19th, 2010)
- More Jobs, But Fewer Hours (July 9th, 2010)
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