Answer to Question #11340 in Finance for LIM BOON HUA

Question #11340
The comparison of unemployment rate between two countries & its reasons.
1
Expert's answer
2012-07-06T07:40:23-0400
At 8.1% the unemployment rate in the United States is about one percentage point above the 7.2% currently reported for Canada, but this gap would be almost two percentage points if the Canadian rate was measured in the same way as the American.
The Canadian unemployment rate would be lower if only those actively looking for a job were used to calculate the unemployment rate. This subtle difference in statistical method implies that the unemployment rate gap between the two countries is much bigger than it seems when looked through the lens of the official statistics..

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal