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.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *