the rennie landscape - Spring 2021

economy

UNIMPRESSIVE UNEMPLOYMENT RATES BY ANY MEASURE

12.0%

11.2%

9.9%

10.0%

8.3%

8.0%

7.7%

7.5%

6.0%

5.8%

4.1%

4.0%

2.0%

0.9%

0.0%

R unemployment 1+ years

R unemployment 3+months

R comparable to US rate

R official rate

R R4 +discouraged searchers

R R4 +waiting group (recall, replies, etc.)

R R4 + involuntary part-timers (in FTE)

R R4+R5+R6+R7 (single measure of labour under-utilization)

FEBRUARY 

FEBRUARY 

SOURCE: LABOUR FORCE SURVEY, STATISTICS CANADA DATA: UNEMPLOYMENT RATES, BRITISH COLUMBIA, UNADJUSTED FOR SEASONALITY

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