Seeking Alpha

WSJ writer solves Canadian unemployment issue

Canada unexpectedly reported a loss of 45.9K jobs this morning and a big jump in the unemployment rate to 7.2%. Today's action means the country has essentially created zero net new jobs in the last six months, writes Paul Vieira.

What if headline Canadian unemployment were calculated the way it is in the U.S.? The country's UE rate would be 5.8%, says Vieira. Cue the rate hike chatter!


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Comments (3)
  • dannyboy_95
    , contributor
    Comments (33) | Send Message
    Maybe we should be calculating in like Canada does? Shouldn't ours really be around 12.5%?
    10 Jan 2014, 11:00 AM Reply Like
  • wyostocks
    , contributor
    Comments (8866) | Send Message
    When the number starts going up, they will simply change the calculation to generate the desired result.
    10 Jan 2014, 11:06 AM Reply Like
  • SharkDude
    , contributor
    Comments (735) | Send Message
    I really do not understand why they can't change the way we calculate all econ numbers. Clearly there is a lot of room for fudging so they want the stauts quo.
    10 Jan 2014, 01:19 PM Reply Like
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