https://financialpost.com/news/economy/canada-unemployment-rate-climbs
"Employment in the public sector increased by 23,000 in April"
Canada's big problem that no one is talking about. Employment has been propped up by public sector job creation while private sector hiring has stagnated for years now. We are on a dark path.
Over 26% of employed Canadians, and growing, are employed in the public sector, with an average salary of $108K CAD.
Objectively, this is absolute insanity but we are a Country that worships at the alter of big government.
is there any talk on how sustainable this is? reminds me of el salv where most people are employed by the gov (without the juicy pay tho!)
Not that I have seen. We love our government here in Canada but we love our unions even more ;-)
Long term it definitely is not sustainable but in the next 5-10 years it probably is.
We certainly are.
Time to take the offer! ;)
Surprisingly India is at 7.9% which I believe is at least 1 to 2% higher because of a lot of people working in unorganised sectors and not showing they are employed.
Is that a typical rate for India?
Tbh, the govt. hides the stats in the name of "low earning labour" instead of "unemployment"
It's also employment. The wages in india are quite proportional to expenses. The condition is much better than most developing nations.
it isn't! It doesn't fit the definition of poverty as per WHO, people can't afford 2 square meals a day, they beg for it and are labelled as employed :(
May I know where do you live in India?
I don't see anyone begging where I live.
I live in west bengal, you'll find streets and slums flooded with them where do you live?
I'm not sure about there though I've known that part including a lot Buhar to be underdeveloped. I live in western UP and nothing like you claimed above is seen here anymore. Hopefully WB and Biar will follow the suit soon.
Yes. But I believe it's not been more than 5% here. A lot of people deny employment like me as well. I'm still earning but I don't show and it's not that only educated people do it, almost every 2nd unemployed is employed here.
Alaska 4.9 Washington 4.4 Idaho 3.7 Montana 2.7 North Dakota 2.6 Minnesota 3.1 Michigan 5.5 Ohio 4.8 Pennsylvania 3.8 New York 4.2 Vermont 2.6 New Hampshire 3.1 Maine 3.5
What do those states have in common?
They don't have a genius Central Banker for a governor like we do.
Not only that, they don't even have their own central banks. Can you believe how backwards they are?
Ha those suckers have probably never even heard of MMT.
BTW did you know the border states or did you have to look them up?
Toronto is basically at 10% now
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410035401
Yikes. Ottawa 7. Too many bureaucrats.
High unemployment rates can severely impact society, often leading to a noticeable rise in crime. That's really bad.
Can’t believe a few months ago I thought you guys would turn things around with Pierre P
Maybe in four years. Haha
Bad things happening to Canada are Trump's fault.
Good things are thanks to Carney.
That's definitely what the media is selling you.
Good thing I ain't buying 👐
And this is just the beginning I think...
when will we have more freedom to work and sats paying market?
i wud like to point out that the data is for "registered employment" if we cud be omniscient, i wonder what the data looks like for the unregistered work/compensation fiat game blows, nothing is new about that statement...