Mr. Melkonian

receives lots of attention

economy isn't using all its resources efficiently

percentage of labour force not working at any given time

survey 59,000 people and asks questions about their status

but aren't

employed or actively seeking employment

without work and seeking work

what if i work part time?

search for so long, frutration sets in

skill not fully utilized

doesn't mean unemployment rate of zero

said skill is now useless

more tech, need less workers

move labor to country where it costs less

people moving between jobs (fresh students also)

reduction in overall consumer spending

usually weather related

6-7% seems to be the magic number

frictioal unemployment is high

6-7% - other unemployment types are down, frictional high

financial cost such as EI

lost tax money as well

loss of job skill, increase in family issues

newfoundland, pei, new brunswick