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Originally Posted by Shazam
Actually, people who don't want to work aren't counted in employment stats.
For such a low number like 3%, that is considered full employment. The 3% is essentially "friction" - it's people changing jobs, since you're considered unemployed for the time you end your first job and you start your new one (yes, even if you quit on Tuesday and start on Wednesday).
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The interesting counter-stat to unemployment is employment participation (the number of people who are eligible to work who actually do work). Alberta is up around 70%, way higher than any other province. It suprised me actually.