Unemployment since 1971

Between 1971 and 2005, Canada's labour force became more educated in line with the increased credentials of new entrants, while the aging of the workforce shifted the experience profile upwards. However, this was not reflected in unemployment rates, which were for the most part slightly higher in 2005 than in 1971. What factors are at play? The article looks at specific age-education combinations to yield a more nuanced long-term perspective on current labour market conditions.