Is a 7 per cent unemployment rate acceptable? According to some -- absolutely! As a matter of fact, quarterly unemployment never fell below 7% throughout the 1980s & 1990s.
The unemployment rate in July increased to 7.2% from 7.1% in June. This reflected a net job loss of 39,000 jobs across Canada. Now that may seem like a big number but apparently, it's not that bad. If we were to calculate Canada's unemployment rate the same way that the United States does, our unemployment rate would probably be closer to 6.2%.
If you looked at unemployment the way the US does, we would be in pretty good shape, especially if you believe in the natural unemployment rate. If you don't know what the natural unemployment rate is, think of it this way (in extremely simple terms): not everyone can be working at the same time. There will always be people who have quit, been laid-off or were fired. Some people choose not to work because they're looking for the "right" job or have the benefit of help from their parents. Simply put, an economy can never be 100% employed.
The current population of Canada is about 35 million. Our labour force is about 18.9 million. Of the 18.9 million, 17.5 million are working (14.2 million fulltime). The labour force is comprised of people ages 15 and older who are economically active but excludes homemakers and other unpaid caregivers and workers in the informal sector (example: untaxed economic activities like bartering).
If we look back almost four decades to 1976, the percentage of the population that was working was 41.6 % -- today it's about 50%. In 1976 the population was about 23.5 million, yet less than 10 million people were working. Today there are over 17 million working. That's pretty incredible especially when you consider that in order to keep the unemployment rate from rising jobs have to be created as the population rises (remember the 1980s & 1990s).
I think Canada is doing well when you consider that most people who want to work can get a job -- somewhere -- doing something.
Perhaps we're focused on the wrong thing. Maybe we should be looking at the other side of these numbers. Maybe we should rejoice in the fact that 92.8% of the labour force is working. Maybe it's time Canada developed a glass almost full kind of attitude. I know I'm happy to live here and that I'm working because I want to -- but then again I'm self-employed! Maybe being a business owner is something more should consider because, after all, Canada is a land of opportunity.
The former child star of Anne of Green Gables can earn millions making movies, but 2012 was a slow year for her, Maclean's reports. Busy raising a child, Polley likely only earned $100,000 in the form of an award for her documentary, Stories We Tell.
The mayor of Canada's largest city doesn't draw the largest mayoral salary. Calgary's Naheed Nenshi pulled in $201,839, while Mississauga's legendary Hazel McCallion pulled in $187,057.
The premier of Alberta raked in the largest salary of any premier last year. Ontario's Kathleen Wynne comes in secod, with a salary of $209,272. The range of premiers' salaries is pretty large; at the bottom end, Prince Edward Island's Joe Ghiz took in $136,438, and Darrell Pasloski, premier of Nunavut, took in only $87,631.
The man who would be prime minister earns $160,200 as a Member of Parliament, plus a $54,000 stipend for leading the Liberal Party. Add to that dividends from investments his father, Pierre, left him, plus book royalties and speaking engagement fees (which he has vowed not to charge anymore), and you get about $245,000 in total.
Canada's highest profile hockey commentator took in nearly twice what his Hockey Night in Canada partner, Ron MacLean, earned -- $429,000.
The former Canadian Idol contestant's "Call Me Maybe" was a breakout hit last summer, earning Jepsen millions in royalties.
The Toronto-born supermodel has made money from campaigns for Dior, Dolce & Gabbana, The Gap, Versace, and countless others, but is also making money off hosting Oxygen network's reality show The Face.
The Halifax-born actress has seen her earnings jump considerably since she left Trailer Park Boys to make movies like Inception and X-Men: The Last Stand.
Carrey used to command as much as $25 million per movie back in the day, i.e. two decades ago. How far the elastic-faced have fallen.
The Vancouver native and star of Superbad and Pineapple Express charges much less to appear in a Canadian movie - $250,000.
The Toronto native has seen some of his recent movies -- Crazy, Stupid Love and Drive -- make decent dough, and the actor is now reportedly earning in the seven figures. Not bad for a guy who's mostly made art-house films.
When he's not hosting the National Geographic Bee or <a href="http://www.nbcbayarea.com/news/local/Trebek--I-Left-My-Cash-in-San-Francisco-126281588.html" target="_blank">chasing down robbers in San Francisco hotel rooms</a>, Alex Trebek takes in a hefty annual sum for hosting Jeopardy, something he's done for 29 years at this point.
The Pittsurgh Penguins captain isn't actually the best-paid player in the NHL. Nashville Predators defenceman Shea Weber will take home $14 million this year, Macleans reports, while Tampa Bay's Vincent Lecavalier will earn $17.7 million.
With eight albums now under his belt, the Burnaby-born crooner is now raking in serious bucks in royalties.
Bieber's ego appears to have caught up with his earnings this year. He was widely accused of disrespecting his fans after <a href="http://www.huffingtonpost.com/2013/03/05/justin-bieber-late-o2-arena_n_2810393.html" target="_blank">showing up late to a London show</a>, and got some nasty publicity with <a href="http://www.huffingtonpost.com/2013/07/30/justin-bieber-drugs-tour-bus_n_3674035.html" target="_blank">a drug bust on his tour bus</a>. But that didn't stop the 19-year-old from from raking in some seriously big bucks.
THE HIGHEST-PAID CELEBRITIES
Estimated earnings: $110 million Notable project: Beats by Dr. Dre headphones
Estimated earnings: $115 million Notable project: Director, "Pirates of the Caribbean: On Stranger Tides"
Estimated earnings: $130 million Notable project: Co-founder of DreamWorks
Estimated earnings: $160 million Notable project: Director, <em>Transformers: Dark of the Moon</em>
Estimated earnings: $165 million Notable Project: Producer behind "The Dr. Oz Show," "Dr. Phil" and "Rachael Ray"
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