Percentage Points: Unemployment Rate

unemployment rate: Torontos overall, seasonally adjusted unemployment rate dropped 3 percentage points in the last year alone. Employment numbers are finally back to the levels before the great recession of the late 1980s. For the third straight year, the city saw positive job growth, according to The Star. Alas, in the midst of this economic prosperity, one in five Toronto youth is unemployed and For the first time in a quarter century, Torontos job-creation performance is humming along, on par with the rest of the province and country. But the rosy stats do not tell the whole story. Economic development director, Mike Williams, was in the middle of singing the citys praises as a magnet for jobs, when his thoughts turned to the employment prospects for immigrants and youths. His language changed. (www.immigrantscanada.com). As reported in the news.