Employment rate is a better indicator The Fraser Institute

first_imgAn economic think tank says it’s time to update how employment is measured in Canada. The Fraser Institute believes the unemployment rate doesn’t truly reflect how the economy is producing jobs. It states that too many people are leaving the workforce due to retirement, or to go back to school, and such changes are throwing off the jobless numbers.The think tank suggests the employment rate is a better way to evaluate how the economy is producing jobs as it measures the over all percentage of people working, not just those actively participating in the workforce.last_img

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