Trends Analysis: Unemployment

This indicator tracks the unemployment rate in Basin-Boundary Development Regions. The unemployment rate measures the percentage of the labour force (those over 15 and legally allowed to work) that is not able to find work. This analysis also presents data for the youth component of the population. Data for this indicator were sourced from Statistics Canada’s Labour Force Survey. The unemployment rate is a strong indicator of economic health. If our economy’s purpose is to allocate our resources to the best uses, then unemployment rates give us a good indication of how well the economy is using one of our most important resources—people.

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