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Mikal Skuterud: Canada unemployment rate remains stable near 7 percent

Mikal Skuterud: Canada unemployment rate remains stable near 7 percent
Canada jobless rate holds steady at 7 percent

Mikal Skuterud challenges claims about high unemployment in Canada amid current recession discussions. According to Skuterud, the national unemployment rate is about 7 percent, which he points out is not historically high.

He further emphasizes that this rate has stayed essentially flat for nearly two years.

Skuterud has previously argued that recent job market changes in Canada are driven mainly by supply factors rather than demand, according to a recent article. He has also highlighted that slow growth in real GDP per capita points to deeper economic concerns beyond immigration policy in a separate analysis. These contributions come as debate continues over core indicators of Canada’s economic health.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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