Canada's low unemployment rate indicates it's a job seeker's market. Here's why that's often not the case

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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

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