Unemployment Rate and Royal Bank Economist Nathan Janzen

Royal Bank economist Nathan Janzen: In a fresh analysis on employment, Royal Bank economist Nathan Janzen notes that the steady decline in the so-called participation rate continues even as the unemployment rate drops, according to CTV. It would be easy to jump to the conclusion that the steady decline means tens of thousands of Canadians are becoming too discouraged to look for work and are just dropping out of the work force altogether, says Janzen and - No need to wait any longer for the baby boom retirement shock to hit the economy -- it already here, according to a new report on trends in Canada labour force. The participation rate, a little reported number that tracks Canadians with jobs and those looking for jobs as a percentage of the working-age population, dipped to 66.1 per cent in the latest employment data for April, down from 66.5 per cent from a year ago and from 67.8 in February 2008. The working age population is considered anyone over age 15 years, with no upper limit. (www.immigrantscanada.com). As reported in the news.