There is not much I can add: you have understood the situation clearly. The rates will fluctuate erratically and increase at the worst possible time, when there is a recession.
On May 12th, 2008. See this statement in context.
On May 12th, 2008. See this statement in context.
Member, Task Force on Financing of Employment Insurance, Canadian Institute of Actuaries
There is not much I can add: you have understood the situation clearly. The rates will fluctuate erratically and increase at the worst possible time, when there is a recession.
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