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2012 Layoff Tracking Thread
03-07-2014, 01:04 PM, (This post was last modified: 03-07-2014, 03:54 PM by Alexcanuck.)
#4
RE: 2012 Layoff Tracking Thread
The unemployment rate is highly misleading. Far too much history and politics involved to cover in full, but basically they do not count people who have had their UI benefits expire and are no longer officially looking for work on a daily basis, also anyone who lost their well paying fulltime career job and is a part-time Timmies server is not "unemployed".
Bottom line: In 2007 74% of Canadians over 16, under 65, not in jail, the military or school, not disabled plus a few more minor categories had a job, it dropped to 71% during the collapse and HAS NOT RECOVERED! Repeat, there has been no recovery in the percentage of employable people who actually are working. Zip, none, nada. The drop in the unemployment rate is due solely to people not being counted anymore, and that even that does not account for the loss of full-time work replaced by part-time. But you won't hear that from the media.

Job creation reports like this morning's mention the unemployment rate but are not based on or the source of it, and they also do have a major statistical error: I am not sure about Canada, I do know that someone in the US who lost one fulltime job and is now working two part-time jobs shows up as net one new job.

Edit: See below. The "74% of Canadians over 16..." should read "74% of BC residents over 16...". Canada as a whole shows a similar trend, however. And it's the same in the US or worse. There simply is not a real recovery happening, and the underlying imbalances have only gotten worse.
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Messages In This Thread
2012 Layoff Tracking Thread - by fixbot - 12-29-2012, 09:33 AM
RE: 2012 Layoff Tracking Thread - by ice-queen - 03-07-2014, 11:39 AM
RE: 2012 Layoff Tracking Thread - by Alexcanuck - 03-07-2014, 01:04 PM
RE: 2012 Layoff Tracking Thread - by Alexcanuck - 03-07-2014, 03:44 PM

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