We've heard that political rallying cry in the past, and with an unemployment rate stuck between 9 and 10 per cent, we'll hear it again. The unemployment rate has steadily increased, decade after decade, through bust or boom. This 'jobs deficit' raises one of the big questions of our times. Canada is home to that puzzling phenomenon known as the jobless recovery. Through free trade, good growth stats and impressive stock market gains, the number of unemployed remains high.
Government cuts are one obvious culprit.
The company has not hired a single applicant. Governments cut jobs to reduce deficits. Small businesses have difficulty getting capital for start-up or expansion. Economists tell us to hold on, we'll reap the benefits of growth soon enough. Perhaps, but there been many periods of simultaneous high GNP per capita and high unemployment.