http://www.hrmguide.net/canada/jobmarket/canadian-unemployment.htm
Summary:
Statistics Canada reported that the unemployment rate rose to 7.8% in January even though the employment increased by 69,000 jobs. Our country’s employment rate has increased by 1.9% since January 2010. Ken Georgetti, the president of the Canadian Labour Congress, stated that the government should pursue policies that would help to create sustainable jobs for the future. The current job growth in the Canadian economy is nowhere near fast or good enough. Statistics show that one out of 5 unemployed Canadians (20.1%) had been unemployed for more than 6 months in January 2011! That percentage has almost doubled since 2008 when the unemployment rate was one out of 10 (11.9%).
Connections:
This article is definitely about the unemployment rate in Canada. The unemployment rate is defined as the percentage of the labour force that is not working, yet is looking for work. This means that if an individual has actively looked for work in the last four weeks, they are considered unemployed. There are quite a few types of unemployment such as frictional, seasonal, structural, insurance induced and natural. All these could have been the cause of the rise in our unemployment rate.
Reflections:
I believe that our unemployment rate rose due to seasonal unemployment. Seasonal unemployment results from the seasonal nature of some industries, such as agriculture, construction, tourism and recreation. After December ended, many people were probably unemployed once again due to seasonal jobs during the holidays. With the holidays coming to an end, a rise in unemployment is to be expected in January. Perhaps the government should listen to Ken Georgetti’s words. He is right about creating more sustainable jobs because most of the new jobs created are for part-timers only. This creates an unstable structure for those looking for a long term job because they may decide to keep looking, causing the unemployment rates to stay high.
I agree with what Ken Georgetti's words about creating more sustainable jobs. Although employment increased 69,000 jobs, the unemployment rate still went up. Based on that, it is obvious that there are no enough job oppoturnities available in the market. Large operations and constructions might provide numbers of jobs,but they are not in the long-term range. In order for the unemployment rate to go down, a long term way has to be established, which i think is creating more sustainable jobs.
ReplyDelete-wilson yao
yes i agree they should have more full time jobs rather than seasonal/ part time job. i think more people are looking for a stable full time job rather than a temporary job. And yes i think the government should listen to Ken by creating more sustrainable jobs.even though they have 69000 jobs avilable the unemployment rate is still high.i think this is mainly due to unsuitable jobs for these unemployed people.
ReplyDeleteAs the unemployment rate rises, more individuals are out there looking for a job. It's an unfortunate situation. The unemployment figures do not include certain aspects of unemployment such as underemployment - when an individual is working however not at what they are capable of. The government seems to water down some of these figures to keep some industries afloat, however it poses a threat to introducing more sustainable jobs.
ReplyDeleteWith that said, Ken Georgetti is correct in saying that there needs to be a creation of more sustainable jobs. However it can be proved difficult to create a number of sustainable jobs for Canadians because it would have to depend on the overall industries that these jobs would be created in. Is there a demand in the industry that would help create more sustainable jobs in the future? There are reasons for seasonal employment however there needs to be some aspects that need to be taken accountable before we create those jobs.
It is interesting and also unfortunate to see that although many jobs have been added to the economy since recession, the umemployment rate has been increased since. In other words, that is very contradicting. Would it be possible that it is because more jobs have been added that people think there are "better" opportunities and options so now they are "looking" for other jobs when they already have a job? I agree that the umemployment rate has increased due to seasonal unemployment. That being said, they should establish more sustainable and stable jobs.
ReplyDeleteIts an eye opener to see the reality behind all these numbers. Though so many jobs have been added to the economy the fact that the unemployment rate has still increased is upsetting. The problem is here is with the unsustainability of the jobs and Ken Georgetti hits the spot by supporting the creation of the umber of sustainable jobs for Canadians. This may be a problem though because we need an industry that would be able to handle the amount of year long jobs as opposed to seasonal work that many companies hire as an alternative if we want to improve the unemployment situation.
ReplyDelete-Albert Liu
The suggestions that Ken Georgetti has stated are very easily agreeable with. Even if our economy is slowly but steadily rising back up to its pre-recession levels, I feel that the government should still be doing everything in its authority to create sustainable jobs for those who are in dire need. It is absolutely stunning that even with all the progress our economy has made in the past year, 20.1% of Canadians have still been without a job for the past 6 months. As the cost of living continues to increase, it is truly something hard to swallow.
ReplyDelete