6% Unemployment in Canada, A 30-year Low
The unemployment rate in Canada just hit a 30-year low of 6.1% in December, the lowest rate since 1977 when Pierre Trudeau was Canada's prime minister and Jimmy Carter was U.S. president. During the last U.S. recession from March - November 2001, the unemployment never got higher than 5.5%. When the unemployment rate continued to rise to rise and peaked at 6.3% in June of 2003, it was dismissed as a "jobless recovery."
When the U.S. unemployment rate is around 6%, it's called a "jobless recovery." When the Canadian unemployment is about 6%, it's celebrated as the lowest jobless rate in a generation. The fact is that the U.S. economy, even its worst years, is still better than most other economies during their best years.
When the U.S. unemployment rate is around 6%, it's called a "jobless recovery." When the Canadian unemployment is about 6%, it's celebrated as the lowest jobless rate in a generation. The fact is that the U.S. economy, even its worst years, is still better than most other economies during their best years.
2 Comments:
My evaluation of this graph is that it is going to have to rise up sooner than later. I have not seen many flat lines with this kind of data.
Amen to that article...so why are so many americans supporting policies that would make us more like the lower performing nations?? Ignorance is contagious!
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