Unemployment Rate: The United States

European Countries Dept: The economies of several European countries and the United States have been in the tank. We ve heard ad nauseam about the ravages of unemployment in the U.S. On balance, it makes us feel fortunate. But how much better are we doing? Their unemployment rate is 7.7 per cent; ours is 7.2 per cent. The difference is half a point, according to Globe and Mail. We have a manufacturing sector that s in steady decline, leaving an economy overly dependent on staples and their price fluctuations. It s chiefly our natural resource endowments that have helped us outperform others. Should we pat ourselves on the back for that? What country, blessed with such abundances, couldn t have done the same and editorial cartoons from December, 2012 The sorry state of others helps disguise Canada s economic woes. It helps mask our low productivity, our weak innovation rate, our ever-growing national debt, a deep trade imbalance and unacceptable levels of inequality. (www.immigrantscanada.com). As reported in the news.