Canada’s long-term unemployment still high

While some aspects of Canada’s economy have been improving, long-term unemployment isn’t budging, reports Canadian Business.

In 2009, the number of people without a job for more than a year doubled, from 40,000 to 80,000. It the long-term jobless population continued to grow, peaking at 120,000 in 2011.

Read: Consumer confidence mixed

There are now fewer people who are unemployed for between 27 and 51 weeks than at the peak of the recession, reports CB. But long-term joblessness continues to be far higher than before the recession. So far in 2014, it’s still above 80,000.

See graphs here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.