“Real” Unemployment Rate Passes 12%
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 ofÂ 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 alsoÂ 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 unemploymentÂ rate, which is not adequately registering the pronounced decline in labour market conditions.
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.
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.
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.