The recession that followed the global financial crisis of 2007-2009 caused ________ in Canada.
A)less unemployment
B)a rise in the labour force participation rate
C)an increase in the duration a typical unemployed person was out of work
D)less government spending
E)a drop in the working age population

Question

Quizplus · Accepted Answer

The recession caused an increase in the duration a typical unemployed person was out of work. This was due to companies reducing their workforce and hiring freezes, leading to fewer job openings and more competition for the available jobs. As a result, unemployed individuals took longer to find a job, causing the duration of unemployment to increase.

The Recession That Followed the Global Financial Crisis of 2007-2009