The Canadian Jobs Crisis

The OECD released an interesting short report today on how Canada compares to other countries in terms of the job impacts of the crisis.

http://www.oecd.org/dataoecd/62/10/43707194.pdf

They project that our unemployment rate will increase by more than in any previous recession to about 10% in 2010 and will likely take a long time to fall.

They note a strong link between unemployment and poverty in Canada  because of the short duration of unemployment benefits, and also note that Canada had a high proportion of working adults living in poverty even before the recession.

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