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Canada's Unemployment Rate
Part one of term paper
For decades prior to the 1981-82 recession, the national unemployment
rates of Canada and the United States had been nearly identical. Since then, a
persistent "unemployment rate gap" has emerged. Throughout most of the 1980s,
Canada's unemployment rate has consistently been about 2 percentage points
higher than in the United States. The gap ...
Part two of term paper ... with a current
rate of 5.2%, while the Canadian rate has and still remains at 9.4%, with a
current rate of 9.7%. This substantial difference in Canada's unemployment rate
can be attributed mostly to the safety net which the government provides,
including generous payments of unemployment insurance and other social services;
but also to the high payroll taxes; and the under performing Canadian economy.
There is no single reason for the persistent gap in the unemployment rates of
Canada and the U. ...
Word count: 3175 | Approximate pages: 12
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