IDEAS home Printed from https://ideas.repec.org/a/bca/bcarev/v2014y2014ispring14p42-53.html
   My bibliography  Save this article

Beyond the Unemployment Rate: Assessing Canadian and U.S. Labour Markets Since the Great Recession

Author

Listed:

Abstract

This article provides a broad perspective on the performance of the labour market in Canada and the United States since the Great Recession. It also presents a simple way to summarize much of this information in a single composite labour market indicator (LMI) for both countries. The LMI suggests that the unemployment rate in Canada has evolved largely in line with overall labour market conditions since the recession, but may have modestly overstated the extent of recent improvement. The U.S. unemployment rate, in contrast, appears to have substantially overstated the post-recession improvement in labour market conditions.

Suggested Citation

  • Konrad Zmitrowicz & Mikael Khan, 2014. "Beyond the Unemployment Rate: Assessing Canadian and U.S. Labour Markets Since the Great Recession," Bank of Canada Review, Bank of Canada, vol. 2014(Spring), pages 42-53.
    • Handle: RePEc:bca:bcarev:v:2014:y:2014:i:spring14:p:42-53
    as

    Download full text from publisher

    File URL: https://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-zmitrowicz.pdf
    File Function: full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Patrick Blagrave & Mr. Roberto Garcia-Saltos & Mr. Douglas Laxton & Fan Zhang, 2015. "A Simple Multivariate Filter for Estimating Potential Output," IMF Working Papers 2015/079, International Monetary Fund.
    2. Stefan Laséen & Andrea Pescatori, 2020. "Financial stability and interest‐rate policy: A quantitative assessment of costs and benefit," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 53(3), pages 1246-1273, August.
    3. Robert Fay & James Ketcheson, 2016. "The US Labour Market: How Much Slack Remains?," Staff Analytical Notes 16-9, Bank of Canada.
    4. Dany Brouillette & Madigan Dockrill & Helen Lao & Laurence Savoie-Chabot, 2018. "Bending the Curves: Wages and Inflation," Staff Analytical Notes 2018-15, Bank of Canada.
    5. Pierre Fortin, 2016. "A Stable 4% Inflation Could Get Canadians One Half Million More Jobs," Cahiers de recherche 1604, CIRPEE.
    6. Steve Ambler & Jeremy Kronick, 2018. "Navigating Turbulence: Canadian Monetary Policy Since 2004," C.D. Howe Institute Policy Studies, C.D. Howe Institute, number 47_2018, January.
    7. Deicy J. Cristiano-Botia & Manuel Dario Hernandez-Bejarano & Mario A. Ramos-Veloza, 2021. "Labor Market Indicator for Colombia (LMI)," Borradores de Economia 1152, Banco de la Republica de Colombia.
    8. Salamaliki, Paraskevi, 2019. "Assessing labor market conditions in Greece: a note," MPRA Paper 97559, University Library of Munich, Germany.
    9. Ali Alichi, 2015. "A New Methodology for Estimating the Output Gap in the United States," IMF Working Papers 2015/144, International Monetary Fund.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bca:bcarev:v:2014:y:2014:i:spring14:p:42-53. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bocgvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.