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
Comments (3)
  • dannyboy_95
    , contributor
    Comments (31) | 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 (8813) | 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 (688) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs