These three criteria ?
These three criteria ? willingness, ability, and desire ? are essential to the determination of the labour force. Thus it is obvious that the Unemployment Rate is inextricably linked to Labour Productivity, which measures the effectiveness of our labour resources in producing goods and services.
The statistics here are complex and apparently contradictory.
Since the implementation of NAFTA, unemployment has decreased over a majority of years, including 1994, and ending 2005 at 6.6%, another positive decrease. In 1992 and 1993, the data remained stable at just over 11%. On the other hand, the data on Labour Productivity is in a continual state of flux, following no noticeable long-term trends. Thus in 1994, Labour Productivity was relatively high at a rating of 3.0. In the next two years it dropped a total of 2.5 points, before rebounding to a 2.0. Rating. The remainder of the term since NAFTA?s implementation shows similar data.
Related articles on NAFTA, Canada, and economics:
Canadians’ wages, salaries and remuneration since NAFTA
L Centre writes on Canadian politics, foreign affairs, economics, media criticism and related areas at Centrerion Canadian Politics(centrerion.blogspot.com).
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