The For Higher Unemployment Rates

Decent Essays

Higher unemployment rates can be one of the main reason why immigrant women choose to be self-employed by necessity. Although immigrant women with university of college education have lower unemployment rate than less educated immigrant women (TIEDI, 2011). These educated immigrant women mostly choose to be self- employed by opportunity.
4.1.3 Economic Characteristics of Toronto (CMA)
Businesses which are majorly owned by females are making some rise among Toronto Census Metropolitan Area’s small and medium size enterprises with the number of firms run by
10. Unemployment rates: The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. females rising to 15.6 % in 2011 all the way from 14.9 % in 2007 and 2004 respectively (Statistics Canada, 2011) . According to RBC report in 2013, the current ratio of female to male majority owned businesses shows that there exist a great opportunity for future further growth.
A very large fraction of the population in Toronto Census Metropolitan Area is reaching their age of retirement and this kind of trend is being witnessed in SMEs (Hou, Picot & Statistics Canada, 2014). For firms that owned by females, the share of the individuals above 65 years have doubled in the last four years, which deeply reflect a rising in the female participation within the age bracket of 65+ (Hou, Picot

Get Access