Canada Adds 67,200 Jobs but Unemployment Rate Unchanged Despite two months of employment growth and a rising

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Canada Adds 67,200 Jobs but Unemployment Rate Unchanged

Despite two months of employment growth and a rising labour force participation rate, Canada's unemployment rate was unchanged at 7 percent. Bank of Canada senior deputy governor Carolyn Wilkins said that there is excess capacity in the labour market, which is indicated by a high number of discouraged searchers.

Source: The Toronto Star, October 8, 2016

Explain the facts reported in the news clip and how discouraged searchers influence the official unemployment rate and the R5 unemployment rate.

Posted Date: Jun 21, 2024 08:12 AM

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Canada Adds 67,200 Jobs but Unemployment Rate Unchanged Despite two months of employment growth and a rising

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