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Macdonald-Laurier Institute

Unemployment numbers can be a misleading: Cross on CBC’s On the Money

May 14, 2018
in Domestic Policy Program, Economic policy, In the Media, Latest News, Multimedia, Philip Cross
Reading Time: 1 min read
A A

Munk Senior Fellow Philip Cross speaks to CBC’s On the Money (start at 14:00) on how unemployment numbers can be a misleading indicator of the economy.

Canada’s economy has not been growing very rapidly. Yet, as Cross notes “if you look at the unemployment numbers – as every politician is ready to remind you – they are at their lowest level in a generation.”

This has created a disconnect between the economy and the unemployment rate. After all, people who at the look at the economy “don’t feel like this is the best economy we’ve been a part of in a generation.”

Philip Cross in the author of the recent MLI paper “The Truth About the Unemployment Rate.”

Tags: cbcPhilip Crossunemployment
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      • Agriculture and Agri-Food
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      • Environment
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      • Talkin’ in the Free World with Mariam Memarsadeghi
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