After you have studied Economics in the News on pp. 504 – 505 , answer the following questions.
a. Describe the key differences in performance of the U.S. and Canadian job markets during 2008–2014.
b. How do the part-time employment rates of the two countries compare?
c. Why might the U.S. job market have been so much weaker than the Canadian job market during 2008–2010?
d. Do you think the differences between the U.S. and Canadian job markets in 2008–2014 were frictional, structural, or cyclical?