Perspective with Heather du Plessis-Allan: There's a recovery story in today's unemployment figures
On the face of it, the unemployment figure out today is not good. It’s gone up, it's now sitting at 5.4 percent, a high we haven’t seen in almost 11 years. The last time we were anywhere near 5.4 percent was September 2015.
But actually, there is a recovery story here if you look under the hood.
We’ve added 15,000 jobs to the economy. More people want to work, too. As Infometrics points out, fewer people are sitting on the sidelines. We have fewer young people bumming around, and more of them are in work, training, or education.
Most of the people who found work in the last quarter are in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.