By Miles Corak, the Globe and Mail | Link to Article
“Employment is up by one million since the recession ended.”
By Miles Corak, the Globe and Mail | Link to Article
“Employment is up by one million since the recession ended.”
A statement like this may, indeed, be a big talking point when Statistics Canada releases the results of its monthly Labour Force Survey on Friday.
While a million more people at work sounds like a lot, the Canadian population has also increased by roughly the same amount. The result: The fraction of Canadians working has been pretty well unchanged for the past five years, and has yet to return to the rates seen before the recession.
A million is a big number, but it’s not enough to signal a complete recovery from the recession.
Read details at http://www.theglobeandmail.com/report-on-business/economy/economy-lab/in-canadian-employment-numbers-a-million-is-not-enough/article16255204/?cmpid=rss1