How can it be that StatsCan/Trudeau/CBC et al claim Canada is down just 720K jobs, when the ADP (nothing to gain by lying) reports -7.9M jobs?
Could it be a coincidence that 8M Canadians are on CERB and StatsCan/Trudeau counts them as "employed?
Here's the Excel Spreadsheet from the ADP Research Institute:
https://i.imgur.com/04Dy1xI.png
As you can see, ~8M jobs have been lost off payrolls.
this would be the equivalent of the USA losing 80M jobs and having 47% unemployment.
Ya that seems really high. I could see it being so high for a certain market. 50% unemployment would be insane, and no amount of paper money printing would hide that fact.