Tuesday, June 12, 2018

Statistically Insignificant ?

The latest from Stats-Canada is wage growth in April reached its highest level in six years and the unemployment rate stayed at 5.8 per cent, its record low.

 The report issued on May 11 said wages were 3.6 per cent higher than this time last year, but the economy lost 1,100 jobs. You may wonder how this didn't change the unemployment rate; this was explained away by saying that, ''the decline in jobs last month was too small to be statistically significant.'' So according to these brilliant federal employees, everything is just great.

However, we still have unemployment and wages which limit how much of the world's wealth one can enjoy. Why not a society where neither would exist?
 For socialism, Steve, Mehmet, John & contributing members of the SPC.

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