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Essay Archive - Canada's Unemployment Rate
Canada's Unemployment Rate
For decades prior to the 1981-82 recession, the national unemployment
rates of Canada and the United States had been nearly identical. Since then, a
persistent "unemployment rate gap" has emerged. Throughout most of the 1980s,
Canada's unemployment rate has consistently been about 2 percentage points
higher than in the United States. The gap developed in spite of very similar
economic performances across the two countries: the growth rate of real per
capita incomes has been virtually identical since 1976. However, now, w....
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