Jobless Rates: Canada vs. USA
Why the persistent 2 point gap between U.S. and Canada unemployment rates? Possible reasons: Canada has: a ) more generous unemployment benefits than the U.S., b) a much higher degree of unionization (32.2%) than the U.S. (14.8%), and c) a higher minimum wage, which could all create higher levels of unemployment.
2 Comments:
The US and Canada also measure unemployment differently.
In Canada, unemployment includes all of those that are out of work (although not home-makers, etc), while the U.S. measure counts only those actively seeking employment. That means that people who have given up on hunting for a job are left out of the statistic.
True-- but these figures show Canada's numbers adjusted to match the US definitions.
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