Canada's Unemployment Rate

Canadas Unemployment Rate For decades prior to the 1981-82 recession, the national unemployment rates of Canada and the linked States had been nearly identical. Since then, a unforgiving unemployment rate gap has emerged. Throughout most of the 1980s, Canadas unemployment rate has consistently been about 2 percentage points higher than in the United States. The gap developed in spite of very similar frugal performances across the two countries: the growth rate of real per capita incomes has been nearly 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 locomote from 6.7% to 6.5%, with a current rate of 5.2%, while the Canadian rate has and tranquillize remains at 9.4%, with a current rate of 9.7%. This substantial divergency in Canadas unemployment rate can be attributed mostly to the safety dismiss which the government provides, including generous payments of unemployment policy and other neighborly operate; but also to the high payroll taxes; and the under playing Canadian economy. There is no single reason for the unrelenting gap in the unemployment rates of Canada and the U.S., but rather a combination of the above factors.

No parliamentary procedure can be flourishing and happy, of which the far greater part of the members are poor and miserable. (Adam Smith) This is the surmise behind the creation of mixer services such as unemployment insurance and welfare payments in many countries. The Canadian government provides a substantial social safety net for its population. At first, this seems like a fair and proper thing to do, as it is in the best interests of society as a whole. However, when this generosity is taken advantage of by undeserving recipients, problems and controversy arise. The problem of abuse of Canadian social services has become prominent in 1996. The general consensus of organizations such as the Fraser Institute and the OECD, is that... If you want to get a full essay, array it on our website: Orderessay

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