Reality has come home to roost in Canada, and employment is collapsing. Here’s why…
Josh Sigurdson talks with author and economic analyst John Sneisen about the collapse of employment in Canada as reality comes home to roost.
For years, we’ve pointed out at WAM the manipulated employment numbers in both Canada and the United States among other countries world wide. While the leaders so often praise excellent employment numbers, the truth hides in the labour force participation rate. That is where you will find the true employment numbers and currently in Canada the LPR is 65%.
All the while, Canada just saw the biggest drop in jobs in decades as the country loses 71,200 jobs with the “official” unemployment rate jumped the most in ten years to 5.9%.
This is truly an issue of central banking and vast centralization at the end of the day and in this video we break down the details and what solutions there are to avoid these serious problems affecting millions of Canadians including when it comes to pensions which are at an absurd shortfall.
Stay tuned as we continue to cover this issue closely!