Unemployment rates in Canada and U.S. may not reflect true job market.
The article looks at how the job market in Canada and the United States has been doing since the Great Recession. They created a simple way to combine a lot of data into one indicator for both countries. The indicator shows that in Canada, the unemployment rate has mostly matched the overall job market conditions since the recession, but it might not show the full improvement. In the U.S., the unemployment rate seems to have made the job market look better than it really is after the recession.