posted 31 August 2008 09:33 AM
Any look at Statistics Canada's labour force survey comes on the point that the level of the labour force varies. It's lower in the depressed regions and it's drops in recessions.The difference is hidden unemployed. Saguenay, Quebec is the worst large area in Canada and the 2006 census data puts it's hidden unemployment at 15% of the potential labour force. Saguenay's employment rate was 54.8% of adults in 2006 compared to Alberta's current 72.2%. Official unemployment was 8.8%. Alberta has 5% less older people so this is subtracted from the 72.2%. So as much as 15% of the labour force will stay at home without being detected by Statistics Canada telephone survey.
This, or any city in Canada, can be checked by following the "Community Profiles" on Statistics Canada home page.
[ 31 August 2008: Message edited by: bruce_the_vii ]
[ 01 September 2008: Message edited by: bruce_the_vii ]
[ 05 September 2008: Message edited by: bruce_the_vii ]
posted 05 September 2008 04:30 PM
OECD employment rates from around the world. Iceland at 85% percent working is a little ahead of Alberta. Italy and Israel have deep hidden unemployment. In almost all of these countries the official unemployment figure is highly misleading. Technically the percent is of people over 15 and under 65.
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posted 31 August 2008 09:33 AM
