Put the Department of Finance on the growing list of observers who are questioning the accuracy of Canada’s unemployment numbers.
According to documents obtained by the Globe and Mail, the department has concluded that volatility in Canada’s jobs data is “well above” normal.
“The volatility of employment growth as measured by the [Labour Force Survey] has increased over the course of 2012 and 2013 and remains well above its 1977-to-date average,” says a briefing note prepared for Finance Minister Jim Flaherty.
The note seems to contradict Statistics Canada’s own assertions that there has been no increase in the ups and downs seen in Canada’s monthly job numbers.
Chosen excerpts by Job Market Monitor. Read the whole story at StatsCan’s Unemployment Numbers Questioned In Finance Dept. Memo.
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