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!
  • Canada ETFs: EWC, FXC, CAD, CNDA, FCAN, EWCS
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Comments (3)
  • dannyboy_95
    , contributor
    Comments (29) | Send Message
     
    Maybe we should be calculating in like Canada does? Shouldn't ours really be around 12.5%?
    10 Jan, 11:00 AM Reply Like
  • wyostocks
    , contributor
    Comments (8244) | Send Message
     
    When the number starts going up, they will simply change the calculation to generate the desired result.
    10 Jan, 11:06 AM Reply Like
  • SharkDude
    , contributor
    Comments (640) | 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, 01:19 PM Reply Like
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