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What is full employment in Canada ? / Too few Canadians are unemployed to meet the inflation target writes CIBC
The Bank of Canada is careful to express the degree of slack in the economy through reference to the “output gap,” a measure tied to real GDP. That avoids ever having to say that too few Canadians are unemployed to meet the inflation target, but that’s really what’s implied when the output gap turns positive writes CIBC Continue reading
Canada – Most jobs created this year are full-time, well-paid
A new look at Canada’s labour market reveals the first six months of 2012 have seen a big improvement in the quality of jobs that have been created — a surprise that was welcomed Thursday even though the trend likely won’t last. It is already known that Canada’s economy churned out 155,000 new jobs in … Continue reading
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