ABUL RIZVI: Why 5% unemployment today is not the same as 5% unemployment 10-20 years ago

The unemployment rate, and even the underemployment rate, have become an inadequate measure of the true health of our labour market. When unemployment increased to over 11 percent in 1992-93, we worried but were not surprised given the state of the economy. After all, our unemployment rate was over 10 percent just ten years earlier … Continue reading ABUL RIZVI: Why 5% unemployment today is not the same as 5% unemployment 10-20 years ago Continue reading ยป