Thursday, May 27, 2010

Persons in Labour Force

Source: Statistics Canada, CANSIM using CHASS, v2064889 Canada; Labour force (Persons); Both sexes; 15 years and over; Unadjusted.

Despite Canada's growing labour force from 1976 until 2009 the federal debt has been increasing at a much faster rate (to be shown later). Every potential worker must eventually pay for an increased debt burden, including interest payments, and all the future unfunded liabilities, such as defined benefit plans for the public service.

We also can see that Canada has a very seasonal economy relying on seasonal workers. This is due to industries such as tourism, fishing etc.

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