Canada's Unemployment Rate
Beginning of paper
For decades prior to the 1981-82 recession, the national unemployment
rates of Canada and the United States had been nearly identical. Since then, a
persistent "unemployment rate gap" has emerged. Throughout most of the 1980s,
Canada's unemployment rate has consistently been about 2 percentage poin ....
Middle of paper
.... social services;
but also to the high payroll taxes; and the under performing Canadian economy.
There is no single reason for the persistent gap in the unemployment rates of
Canada and the U.S., but rather a combination of the above factors.
"No society can be flourishing and happy, of which the far greater part
of the members are poor and miserable." (Adam Smith) This is the theory behind
the creation of social services such as unemployment insurance and welfare
payments in many countrie ....
------------------
Word count: 3175
Page count: 12 (approximately 250 words per page)
