Economics 12

Thursday, May 10, 2007

Chapter 5

http://www.canada.com/montrealgazette/news/story.html?id=a11fb2bc-da7c-4944-9c65-45e3211801df&k=28093


There were 55 thousand new jobs created in Canada in March, but the unemployment rate didn’t change. Although the unemployment rate remained unchanged, the employment rate continues to grow slowly since September last year. The employment rate hit it’s highest in the last 31 years at 63.5 per cent. There were around 150 thousand employment grew in the first quarter of this year, highest first-quarter grew since 2002. 59 percent of the employment rate that grew in March are caused by women that are 25 years and older, 39 thousand jobs were taken by women. In the past 12 months, twice as much women are finding new jobs than men. Canada’s labour force participation jumped 0.6 percent to 67.7 percent this year.

“A quick look at March unemployment (previous month in brackets):
Unemployment rate: 6.1 per cent (6.1)
Number unemployed: 1,094,400 (1,084,000)
Number working: 16,798,400 (16,743,500)
Youth (15-24 years) unemployment: 11.0 per cent (11.0)
Men (25 plus) unemployment: 5.3 per cent (5.3)” Taken from article.

I think this article is related to chapter 5 is because it talks about employment rate. Since this article was written in March, there could be more people working later on in summer and winter than now. For example, Seasonal unemployment could be a cause for low employment at this time a year. Life guards works during the beginning of spring and summer, as Skateboard and skiing instructors work during winter. Those could be the reason for different employment rate through out the year, but will probably have the same employment rate yearly if u averages it out.