Canada's Unemployment Rate


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 developed in spite of very similar
economic performances across the two countries: the growth rate of real per
capita incomes has been virtually identical since 1976. However, now, well into
the 90s, the gap has widened much more significantly. In the last five years,
the United States average has actually fallen from 6.7% to 6.5%, 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......

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Title: Canada's Unemployment Rate
Approximate Word Count: 2955
Approximate Pages: 12 (250 words per double-spaced page)

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