Croker Sack

"Democracy is the theory that the common people know what they want, and deserve to get it good and hard." — Henry Louis Mencken (1880-1956)

Friday, December 02, 2005

Best Unemployment Rate in 30 Years

Which came first -- the stagnant economy or the collective ideology?

When we have unemployment rates of 6.4 percent in the U.S., we often call it a recession.

For Canada, it's different. As reported today by the Toronto Globe and Mail:

Canada's unemployment rate unexpectedly fell to 6.4 per cent, its lowest in more than 30 years, as the economy added 30,600 jobs in November, Statistics Canada said Friday.


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