The unemployment rate in Canada has traditionally been higher than in Europe or the US for a number of reasons.
In addition, our policy of mass immigration has caused a labour glut for most of the past 40 years. And increasingly, it is becoming more difficult to describe exactly what “unemployment” actually is.
Several statistical methods of calculation are available in the US which put the current rates at 6%, the most commonly chosen method, up to as high as 20% using perhaps a more comprehensive measure. Statistics Canada puts our effective unemployment rate at 11% when labour force dropouts are included.
However:
Despite the worst economic downturn since the depression and the continued loss of high-quality jobs offshore, the government continues to keep immigration at record levels to “allow the economy to spring back when the recovery occurs”. Although the linear growth forecasts have disappeared in early 2016, the government has still kept the throttle on mass immigration wide open.
These neglectful policies only lead to higher levels of structural unemployment and under-employment. Immigration policy should be tailored to current realities and realistic prospects rather than anchored to the fantasy of growth forever which dominated our country 100 years ago.
High rates of un- and under-employment and misemployment create long-term social and economic problems and contribute heavily to structural deficits. A low growth, high-quality employment strategy would make the best use of our most valuable resource (people) and lower the rate of unemployment while increasing the level of productivity, salaries and wages.