NationStates Jolt Archive


USA vs. Canada: who has a better economy?

IDF
04-08-2004, 04:54
USA, no question, socialism is killing Canada.
LannaN
04-08-2004, 04:56
i admit, i don't know... lol
Stephistan
04-08-2004, 04:57
Per capita Canada is basically the same in % for GDP growth as the US, Canada is ranked higher in the world then the US for over-all standard of living, Canada has had a balanced budget for almost 10 years now, a trade surplus for even longer.. You do the math! :D
IDF
04-08-2004, 04:59
Per capita Canada is basically the same in % for GDP growth as the US, Canada is ranked higher in the world then the US for over-all standard of living, Canada has had a balanced budget for almost 10 years now, a trade surplus for even longer.. You do the math! :D

What about unemployment? Canada has high unemployment rates and their dollar is = to **** vs. the US dollar.
Stephistan
04-08-2004, 05:04
What about unemployment? Canada has high unemployment rates and their dollar is = to **** vs. the US dollar.

It's about equal, or it even may be higher in the states, see Canadian figures are true unemployment figures, the USA's are not, if you work for an hour a week they consider you employed or another example is if people get fed up and are not looking any more, the USA doesn't count that into their unemployment figures.. USA is at about at 10% unemployment (true figures) I believe Canada's true figure is only 8%.. so again..

Canada is more competitive with a lower dollar, we prefer it that way, it's why we make so much money, the bank of Canada did consider stepping in to lower our dollar when the USA was sucking so bad last year so we didn't lose money .. silly..lol
IDF
04-08-2004, 05:14
It's about equal, or it even may be higher in the states, see Canadian figures are true unemployment figures, the USA's are not, if you work for an hour a week they consider you employed or another example is if people get fed up and are not looking any more, the USA doesn't count that into their unemployment figures.. USA is at about at 10% unemployment (true figures) I believe Canada's true figure is only 8%.. so again..

Canada is more competitive with a lower dollar, we prefer it that way, it's why we make so much money, the bank of Canada did consider stepping in to lower our dollar when the USA was sucking so bad last year so we didn't lose money .. silly..lol
USA is not 10% I live here and it is mid 5s. People actually are looking and almost 2 million jobs have been created this year.
Stephistan
04-08-2004, 05:17
CanuckHeaven, if you see this can you please explain true unemployment to IDF, he doesn't seem to get it and my attention span isn't into it tonight.. thanks!
CanuckHeaven
04-08-2004, 11:04
Canada Unemployment:

The current unemployment rate in Canada is 7.3%. This rate is determined by people filling out unemployment forms and sending them to the government. In Canada, the government does not take telephone surveys to determine the unemployment rate, as is the practice in the US.

http://www.statcan.ca/english/Subjects/Labour/LFS/lfs-en.htm

http://www.statcan.ca/english/Subjects/Labour/LFS/c040709a.gif

As you can see by the attached chart, employment is growing in Canada. Since August 2003, full-time employment has grown by 342,000 (+2.7%). This would be the equivalent of 3,420,000 jobs in the US, if you consider that the US has 10 times the population.

US Unemployment:

The current US unemployment is 5.6%, based on telephone surveys conducted by US Department of Labour.

http://www.bls.gov/news.release/empsit.nr0.htm

However, these rates do not reflect the true US unemployment rates. Unemployment survey guidelines:

http://www.bls.gov/cps/cps_htgm.htm

People who work ONLY 1 hour are counted as employed. Discouraged and long term unemployed are NOT. Check under the heading:

Who is counted as employed?

When all are factored in, the US unemplyment rate is around 10%.

Here is a sample from 1996 with around the same base rate of unemployment (5.5 to 6%):

U-1 - People unemployed 15 weeks or longer, as a percent of the civilian labor force. Seasonally adjusted rate is 1.7%. Unadjusted rate is 1.9%.

U-2 - Job losers (including people who completed temporary jobs), as a percent of the civilian labor force - the official unemployment rate [i.e., for the government?]. Seasonally adjusted rate is 2.7%. Unadjusted rate is 3.1%.

U-3 - Total number of unemployed, as a percent of the civilian labor force - the "official" unemployment rate [i.e., for the public?]. Seasonally adjusted rate is 5.5%. Unadjusted rate is 6.0%.

U-4 - Total number of unemployed, plus discouraged job seekers, as a percent of the civilian labor force. Seasonally adjusted rate is not available. Unadjusted rate is 6.3%.

U-5 - Total number of unemployed, plus discouraged job seekers, plus all other marginally attached workers [for example?], as a percent of the civilian labor force plus marginally attached workers. Seasonally adjusted rate is not available. Unadjusted rate is 7.2%.

U-6 - Total number of unemployed, [plus discouraged job seekers?] plus marginally attached workers, plus all people employed part-time for economic reasons (i.e., forced part-timers), as a percent of the civilian labor force plus marginally attached workers. Seasonally adjusted rate is not available. Unadjusted rate is 10.7%.

That is all I have time for now, but hopefully clears up some misconceptions?
Kanabia
04-08-2004, 11:23
Ah, by "better" I guess you mean "fairer." as such, I vote Canada.

Oh, you meant stronger? Tough biscuits.
Australia-
04-08-2004, 11:26
Go Canada! as a Commonwealth brother im backing them all the way

Unity is Strength - Federal Comonwealth Society