Translation of "coût de chômage " (French → English) :

However, too often, temporary contracts are just a cheaper alternative to permanent ones, particularly in countries where the gap in dismissal regulations between these contracts is high (i.e. severance pay, notice periods, possibility to appeal to courts): then the result is a segmented labour market , where many young workers experience a sequence of temporary jobs alternating with unemployment, with little chance of moving to a more stable, open-ended contract and incomplete contributions to pension provisions.

In the 1971 UI Act, the federal contribution to the UI fund was justified as helping to cover costs of unemployment above and beyond frictional unemployment (specified in the Act to be unemployment above four percent) and also the fishing benefits and the regionally extended UI benefits introduced in the 1971 Act.

We are therefore facing major challenges, as noted by Mr. Frank of the conference board: an ageing population with all of its implications for higher health care costs; taxes that are the highest in the G-7 and are up to 30 per cent higher than in the United States; a debt service cost which accounts for 30 per cent of the federal budget; unemployment costs that are equivalent to 20 per cent of the same budget; retirement premiums that will cost up to $1,400 more per person by 2003; and an R&D situation which is less vigorous than that in the United States.

According to a study carried out for the Canadian Centre for Policy Alternatives, unemployment cost the Canadian economy more than $109 billion in 1993 and governments alone absorbed $47 billion of the cost of unemployment.

The social and financial costs of unemployment are huge.

The cost of unemployment is higher than just the cost of unemployment benefits.