The labour market has fared better in Canada than in many other rich countries, it has fared better than it has in past recessions, but it has not fared as well as it could.

This is the major message from a recently released report by the Parliamentary Budget Office, which offers a valuable description of the Canadian jobs market because it puts developments in context: comparing them to underlying trends, comparing them to previous recessions, and comparing them to developments in other countries.

Continue reading “The Canadian labour market: better than most, better than it has been, but not better than it could be” →