Canada’s unemployment rate continues to hover around a near all-time low of five per cent, so you’d assume that landing a job is easier than ever. But there’s another narrative to consider.
“That’s still a million unemployed people, and that doesn’t tell the whole story,” said Jim Stanford, an economist and director of the Centre for Future Work, a research institute with operations in Canada and Australia.
“There’s probably another million underemployed people who have a job, but don’t work as many hours as they want to or use their full skills,” he said. “Then there’s lots of other people — probably another million — on the margins