Why is Canada unemploment rate 6.4?

Answer 1

There are a variety of reasons; but wage floors tend to be a major cause.

Answer 2

That is pretty low compared to historical values. Are you asking why it is so low or why it is so high.

It is that because of mobility. The people are in different places than the jobs. While over time some people would be willing to move for work, it will not happen for all. Related is qualifications. There are lots of oil and construction jobs, but that doesn't do the unemployed much good if they don't have the certification, experience and skills that the jobs require.

Right now, Eastern Canada remains highly unemployed. It has been since the fall of the fisheries decades ago - highest rate Newfoundland 12.8%

Central Canada is average Ontario - 6.4%

Western Canada has extremely low unemployment lead by Alberta 3.5% and it's oil driven economy

Answer 3

Because 6.4% of the people that want to work, are without jobs. Basically they take the # of people that are searching, and express that as a %.

The reason for unemployment is that a number of manufacturing jobs have been lost recently. Chrysler is going to cut 2000 jobs, I think there were layoffs at Ford, National Steelcar in hamilton just laid off 800 people. Most of these jobs are unskilled labour. There is a shortage of skilled workers, however.

Answer 4

There are a number of reasons.
Everything from the way we define unemployment (are you unemployed or no longer a part of the labour force) to the way we measure unemployment (labour force surveys) to the nature of our GDP and employment insurance schemes.

Historically for the last 50 years, that rate is about average in Canada.

Peace

Answer 5

Canada's universal health care system is one culprit, as that is a factor that tends to reduce Canadian economic productivity. It stunts one major section of the economy, and it distributes Canadian income in a manner that some Canadian individuals would not freely choose to do.

Answer 6

Wow. Thats higher that the US rate of 4.6%. Interested as well to read other explanations.

Answer 7

CANADA!!!!!!