Canada's Unemployment Rate
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Title: Canada's Unemployment Rate

Essay Details:

Subject: Miscellaneous
Author: Andrew C
Date: May 2, 2015
Level: University
Grade: A
Length: 11 / 3172

Essay text:

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, well into the 90s, the gap has widened much more significantly. In the last five years, the United States average has actually fallen from 6.7% to 6.5%, with a current rate of 5.2%, while the Canadian rate has and still remains at 9.4%, with a current rate of 9.7%. This substantial difference in Canada's unemployment rate can be attributed mostly to the safety net which the government provides, including generous payments of unemployment insurance and other social services; but also to the high payroll taxes; and the under performing Canadian economy...

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