#CdnPoli : We’re number one! Highest unemployment rate in the G7

Six months into the COVID-19 pandemic we should all be concerned that Canada continues to have the highest unemployment rate among G7 nations.

Particularly so since, prior to the pandemic, the boast that Canada’s economy was leading the G7 was a never-ending source of self-congratulation for Prime Minister Justin Trudeau, his cabinet ministers and the Liberal caucus.

Now their attitude seems to be that high unemployment is a political justification for pursuing their dream of ever-expanding government, encompassing everything from a guaranteed annual income, to a national daycare program, to universal pharmacare and more.

According to the Organization for Economic Co-operation and Development (OECD) based on the latest data from G7 countries, Canada’s August unemployment rate of 10.2% is the worst in the G7, well above the OECD average, which includes Canada, of 7.7%.

While Canada’s unemployment rate is down from 13.7% in May — the highest level in more than four decades of comparable data — Statistics Canada noted last month that if the August rate of 10.2% included people who want to work but have stopped looking because of the lack of available jobs, the adjusted unemployment rate would be 13%.

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