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Canada's unemployment rate climbs to 6.9%
614 sats \ 29 comments \ @grayruby 12h econ
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105 sats \ 4 replies \ @Jer 9h
Over 26% of employed Canadians, and growing, are employed in the public sector, with an average salary of $108K CAD.
Objectively, this is absolute insanity but we are a Country that worships at the alter of big government.
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71 sats \ 2 replies \ @stack_harder 9h
is there any talk on how sustainable this is? reminds me of el salv where most people are employed by the gov (without the juicy pay tho!)
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20 sats \ 0 replies \ @Jer 8h
Not that I have seen. We love our government here in Canada but we love our unions even more ;-)
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0 sats \ 0 replies \ @grayruby OP 9h
Long term it definitely is not sustainable but in the next 5-10 years it probably is.
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21 sats \ 0 replies \ @grayruby OP 9h
We certainly are.
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41 sats \ 0 replies \ @kurszusz 5h
And this is just the beginning I think...
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61 sats \ 3 replies \ @Undisciplined 11h
Alaska 4.9 Washington 4.4 Idaho 3.7 Montana 2.7 North Dakota 2.6 Minnesota 3.1 Michigan 5.5 Ohio 4.8 Pennsylvania 3.8 New York 4.2 Vermont 2.6 New Hampshire 3.1 Maine 3.5
What do those states have in common?
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33 sats \ 2 replies \ @grayruby OP 11h
They don't have a genius Central Banker for a governor like we do.
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40 sats \ 1 reply \ @Undisciplined 11h
Not only that, they don't even have their own central banks. Can you believe how backwards they are?
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39 sats \ 0 replies \ @grayruby OP 11h
Ha those suckers have probably never even heard of MMT.
BTW did you know the border states or did you have to look them up?
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61 sats \ 9 replies \ @Coinsreporter 11h
Time to take the offer! ;)
Surprisingly India is at 7.9% which I believe is at least 1 to 2% higher because of a lot of people working in unorganised sectors and not showing they are employed.
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17 sats \ 8 replies \ @grayruby OP 11h
Is that a typical rate for India?
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20 sats \ 6 replies \ @holonite 8h
Tbh, the govt. hides the stats in the name of "low earning labour" instead of "unemployment"
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20 sats \ 5 replies \ @Coinsreporter 8h
low earning labour
It's also employment. The wages in india are quite proportional to expenses. The condition is much better than most developing nations.
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37 sats \ 4 replies \ @holonite 8h
It's also employment.
it isn't! It doesn't fit the definition of poverty as per WHO, people can't afford 2 square meals a day, they beg for it and are labelled as employed :(
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20 sats \ 3 replies \ @Coinsreporter 7h
May I know where do you live in India?
I don't see anyone begging where I live.
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40 sats \ 0 replies \ @Coinsreporter 11h
Yes. But I believe it's not been more than 5% here. A lot of people deny employment like me as well. I'm still earning but I don't show and it's not that only educated people do it, almost every 2nd unemployed is employed here.
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40 sats \ 1 reply \ @gmd 2h
Can’t believe a few months ago I thought you guys would turn things around with Pierre P
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0 sats \ 0 replies \ @grayruby OP 2h
Maybe in four years. Haha
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61 sats \ 1 reply \ @kr 11h
Toronto is basically at 10% now
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410035401
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10 sats \ 0 replies \ @grayruby OP 11h
Yikes. Ottawa 7. Too many bureaucrats.
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40 sats \ 2 replies \ @nichro 7h
Bad things happening to Canada are Trump's fault.
Good things are thanks to Carney.
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21 sats \ 1 reply \ @grayruby OP 7h
That's definitely what the media is selling you.
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20 sats \ 0 replies \ @nichro 6h
Good thing I ain't buying 👐
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20 sats \ 0 replies \ @zapsammy 8h
i wud like to point out that the data is for "registered employment" if we cud be omniscient, i wonder what the data looks like for the unregistered work/compensation fiat game blows, nothing is new about that statement...
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61 sats \ 0 replies \ @suraz 11h
High unemployment rates can severely impact society, often leading to a noticeable rise in crime. That's really bad.
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