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Thursday, May 24, 2012

Unemployment or not?

Unemployment lowest in a decade?

If one were to add in those not looking for work, between 7,000 and 10,000 the true unemployment rate would be closer to 15% or higher and not the 4.8% reported. The way these stats are determined, cold calls to 150 phone numbers, is very suspect and really does not make the prospects of finding a job any brighter. As stated in the Daily News " data comes with a standard warning the Statistics Canada that it should be used "with caution," due to the small sample size."

Just think if the stats were true then former CEO of NEDCorp would be right in saying high unemployment in Nanaimo is an Urban Myth. Perhaps we should give her her job back? Yeah right!

T'is a fact that 40% of jobs in Nanaimo are part time and one cannot live and support their family with only part time work.  If things on the employment scene were really that good then why is it that meal programs and food banks are seeing huge increases in the number of folk needing their services?
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