The Problem Of Unemployment In Canada
The topic of unemployment has always been a subject that sparks interest in a conversation. Being unemployed can lead to a life of misery, like the snowball rolling down a mountain only to grow with every roll. From unemployment, people live in poverty and sleep on the streets, starve and may even develop health issues, purely because they were never able to provide a living for themselves. Being without a job is a gateway to a variety of terrible living situations.
Recently, Ontario’s unemployment rate hit a 16-year low, at only 5.7% in August, dropping from 6.4% in March. Canadians have not seen such a low since January 2001, and it is safe to say it was relieving news for our economy. Although there are still approximately 437,000 people
looking for work, up to 50,000 additional net jobs have been put on the market in July-August alone. The growth was mainly in part-time jobs, but it is certainly a start for our nation. The decline in full-time work was mainly among Canadian youth, implying that they are not able to take on full-time jobs and are working mainly part-time. Sectors of work in communications and technology are doing incredible economically during this time. Compared to August 2016, net jobs have increased by over 156,000 dropping our nationwide unemployment rate to 6.2%, the lowest it has been in 9 years. The future of our economy is unpredictable, but from the current standpoint, it is looking highly favorable.
Recently, Ontario’s unemployment rate hit a 16-year low, at only 5.7% in August, dropping from 6.4% in March. Canadians have not seen such a low since January 2001, and it is safe to say it was relieving news for our economy. Although there are still approximately 437,000 people
looking for work, up to 50,000 additional net jobs have been put on the market in July-August alone. The growth was mainly in part-time jobs, but it is certainly a start for our nation. The decline in full-time work was mainly among Canadian youth, implying that they are not able to take on full-time jobs and are working mainly part-time. Sectors of work in communications and technology are doing incredible economically during this time. Compared to August 2016, net jobs have increased by over 156,000 dropping our nationwide unemployment rate to 6.2%, the lowest it has been in 9 years. The future of our economy is unpredictable, but from the current standpoint, it is looking highly favorable.