Either Peterborough had a truly incredible March, or something’s wrong with the way Canada tracks unemployment.
The percentage of working-age Canadians who aren’t working – who aren’t even looking for a job – is at a historic high years after the economy supposedly bounced back from the recession. The labour participation rate for Canadian men in their working prime – ages 25 through 54 – is the lowest it’s been since Statistics Canada started collecting that data.
Remember when Statistics Canada said the country added 200 jobs in July?
That was last week: The number-crunching agency really meant 42,000.