by Jim Stanford | The Progressive Economics Forum
The glaring contrast between employment numbers, and the unemployment rate, was highlighted by today’s labour force numbers from Statistics Canada (capably dissected elsewhere on this blog by Angella MacEwan).
Paid employment (ie. employees) declined by 46,000. Total employment (including self-employment) fell by 22,000. Yet the unemployment rate fell to 7% — its lowest level since late 2008.
Fewer people were working, yet the unemployment rate declined. What gives? Read more