11-06-2016, 01:47 PM
(11-06-2016, 08:33 AM)panamaniac Wrote: When you look at the figures beyond the unemployment rate, however, things seem a bit less rosy - labour force, number employed, and participation rate are all down.
This is incorrect. All three of those are up. Interestingly enough, participation rate was predicted to go down even before the latest economic downturn. In this 2007 statscan study the optimistic (high growth) participation rate forecast for 2016 is... 66%
RoW seems to be firing in all cylinders and Ontario overall is doing ok when it comes to unemployment. Even Alberta seems to have stabilized overall, with Edmonton reporting progress while Calgary still very much in trouble with the highest metropolitan unemployment rate in the country at 10.2%