Beyond the Unemployment Rate: Assessing Canadian and U.S. Labour Markets Since the Great Recession

This new report published by The Bank of Canada Review (Spring, 2014) uses a Labour Market Indicator (LMI) to conclude that in both countries, the so-called labour-market recovery is incomplete. Too many people are unemployed for six months or longer, and underemployment is a problem, with many part-time employees wanting full-time work.