Difference between US and Canadian economy? (appointed, credit, unemployment rate)

[movingwiththewind]

Originally Posted by Paparappa

Statistics don't lie. Read my other post:

http://www.city-data.com/forum/world...l#post30006542

Statistics can lie. It happens all the time.

Remember the saying: "There are threee kinds of lies: Lies, damned lies and statistics"?

I'm sure, every statistician would agree.

[iNviNciBL3]

Originally Posted by Paparappa

It's not my fault the negatives outweigh the positives.
I'm a realist, sorry. Whether the US does good or bad does not matter to me. I'm just pointing out the facts.

Do they?

[cali3448893]

Originally Posted by iNviNciBL3

Nit picking negative statistics doesn't help.
remember not everyone has such a negative outlook on life.

and read my post below his...lol

[cali3448893]

Originally Posted by iNviNciBL3

Do they?

not true...ugh...for the post you quoted.
Moderator cut: link removed, linking to competitor sites is not allowed

[ellemint]

Originally Posted by North 42

Canada's unemployment rate is 7.1, not 7.6.

So this does not seem like that much difference, yet Americans think there is major problem with unemployment, yet I don't seem to hear much about it from the Canadian side.

[Paparappa]

Originally Posted by ellemint

So this does not seem like that much difference, yet Americans think there is major problem with unemployment, yet I don't seem to hear much about it from the Canadian side.

The US uses a different methodology.

In the United States 15 year olds are not included in the calculations because, as the Bureau of Labor Statistics explains, “child labor laws, compulsory school attendance, and general social custom in the United States severely limit the types and amount of work that these children can do.” In Canada (and for that matter also in the European Union) they are included.

...

Rather, while the surveys ask a series of very similar questions in order to classify respondents as either being Employed or Unemployed, it is the way in which these questions are asked—particularly the distinction between “active” and “passive” job search methods—that drives an important part of the gap.

To be considered “Unemployed” a survey respondent must not have done any work for pay during a particular week of the survey month, must be available for work, and—most crucially—must have done something to find a job during the last four weeks.

The US makes a distinction between job search activities that involve “active” measures (activities that on their own could lead to a job offer), as opposed to “passive” measures (activities that require some additional effort to obtain an actual job offer).

Placing or answering a job ad, visiting employment agencies or businesses, making job inquiries and sending applications as well as attending interviews are all examples of active search methods. Asking family and friends for jobs or leads is also considered an active measure.

Passive measures are more along the lines of information gathering, like simply looking at job ads in the newspaper or on the internet.

In the United States only active measures will lead to someone being designated as “unemployed”; in Canada either type of activity will do the trick.

The crux of the matter is that flipping through the want-ads in a newspaper gets you classified as unemployed in Canada, but not in the United States.

...

Writing in 2000 Sorrentino claims that a rise in the use of passive job search methods in Canada is an important part of the explanation for the difference in unemployment rates. If the Canadian unemployment rate were adjusted to US concepts it would be reduced by 1 percentage point.

The gap between US and Canadian unemployment rates is bigger than it appears | Economics for public policy

[qwertyjjj]

Originally Posted by Docman

One of my big dissapointments with Obama is that he hasn't really fixed the economy. And that leads me to Canada. Just how different are the canadian and American economies. On the surface it seems to be the same, unemployment is about 7.6% in both countries. And yet I get the impression that canada has a better quality of life. So I figured I'd ask you all some questions.

1. Is college much more expensive for local students in canada than for local students in America?
2. How much debt do college students graduate with on average in Canada?
3. How hard is it to find a good job in Canada once you've graduated from college?
4 How stable is the job once you've found it? Do employers frequently layoff workers like the do in America?

There is no president that will be bale to. There is so much debt racked up and The Federal reserve have devalued the $ so much over the last 70 years that there is no going back. How can you fix an economy when you have all that debt to pay back?

[cali3448893]

Americans overrate how bad the unemployment rate is, in all considering the US has a lower unemployment rate then almost every country in europe.

[cali3448893]

Originally Posted by Paparappa

The US uses a different methodology.



The gap between US and Canadian unemployment rates is bigger than it appears | Economics for public policy

Bro...when i first read your post i thought there was going to be a major difference between american and Canadian unemployment rates, but leave it to you to to do something like that...this is exactly what it says on the website you listed "gap would be almost two percentage points if the Canadian rate was measured in the same way as the American" lol only 2 percentage points...your insane.

[iNviNciBL3]

Originally Posted by cali3448893

Bro...when i first read your post i thought there was going to be a major difference between american and Canadian unemployment rates, but leave it to you to to do something like that...this is exactly what it says on the website you listed "gap would be almost two percentage points if the Canadian rate was measured in the same way as the American" lol only 2 percentage points...your insane.

You're*