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According to the IMF's 2018 annual Article IV Mission to Canada, compared to all the G7 countries, including the United States, Canada's "total government net debt-to-GDP ratio", is the lowest. [9] Canada has been the G7 leader in economic growth since 2016. [9] The unemployment rate in Canada is at its lowest level since c.1978. [9]
The lowest level of national unemployment came in 1947 with a 2.2% unemployment rate, a result of the smaller pool of available workers caused by casualties from the Second World War. The highest level of unemployment throughout Canada was set in December 1982, when the early 1980s recession resulted in 13.1% of the adult population being out ...
In September 2018 approximately 452,900 people were deemed unemployed in Ontario. With an Unemployment rate of roughly 5.9% Ontario is even with the Canada's overall unemployment level. The Unemployment rate is quite stable from month to month with an approximate 0.2% fluctuation. Since 2013 Ontario's Unemployment rate has dropped 2.0%.
BLS formed the current international comparisons program in the 1960s as the importance of foreign trade and interest in international competition grew. The first study published by the program was an evaluation of the comparability of unemployment rates undertaken in response to a 1961 request by the Committee to Appraise Employment and Unemployment Statistics.
November 2010 Canadian unemployment rate: 7.6% [26] The employment rate has been stabilized between 8.0% and 11.0% for the past two years; signifying the economic strength of Canada's financial institutions compared to its counterparts in the United States.
Canada is the United States' largest oil supplier and the fifth-largest energy producing country in the world. Canada provides about 16% of U.S. oil imports and 14% of total U.S. consumption of natural gas. The United States and Canada's national electricity grids are linked, and both countries share hydropower facilities on the western borders.
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Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...