Unemployment In Canada Essay

The unemployment rate is divided into variables; such as employment level, unemployment level, labor force and stock variables. At a certain time in a recession they are measured in quantities. Due to a flow of variables such as natural populations, net immigrations, new entrances, and retirements there is change to the labor force.

In 2011, the rate of unemployment is at 9%. Although there is a decline it has been rather slow. Financial analysts predict that unemployment rate would drop to 8%. Even for the people who still have their jobs the hours that they work have been reduced since then. With reduced hours the productivity of the workers would not be fully exploited which in the end, affects the economy. This is so because with a small fiscal base the economy has not been able to recover from recession fast enough. Although there have been positive growths in the employment rates these growths are barely enough. They do little to help in the dire situation. This only means that joblessness is something that the population would have learned to live with.

The second type of unemployment is also one that can be easily grasped by most people. This type of unemployment is frictional unemployment and is defined as, “the unemployment which exists in any economy due

1, from 2010 to 2014, the number of people who receive employment insurance beneficiaries has been in decline, falling from around 700 thousand people to as low as almost 500 thousand, which corresponds to the decline in unemployment rate in fig. 2. However, the rate of EI beneficiaries is decreasing more intensely than the unemployment rates, which suggests that there are more unemployed workers who don’t receive EI as each year passes. Moreover, the EI beneficiaries have been slowly increasing for the past year, which can possibly be due to the higher unemployment rates from recent oil prices dropping in Alberta and other outside

The unemployment rose from 0.8 percent to 5.3 percent. In January there was an employment rate of 14,000 which is the highest since September 2011, according to Statistics Canada. Canadian economist predicted there would be a 5,000 net loss nationally, however the numbers turn out much lesser than their prediction, there was a net loss of 1,000 nationally. Also as more job seekers enter the Canadian market, the unemployment rate went higher from 6.6 percent to 6.8 percent. In February, Full time employment started to climb back to 34,000 but Part time employment dropped severely to 35,000, according to Statistics Canada. Furthermore, resource sector lost 17,000, and manufacturing lost 20,000. On the other hand, Construction gained 17,000 jobs and service 23,000. Also, provincially Quebec added 17,000 jobs compared to Ontario which added 14,000. In January, the Bank of Canada cut its benchmark rate to 0.75. This was done as insurance against the impact of falling oil prices. Since 2014 prices for crude oil has been cut in half due to there is lots of supply let and a shrinking global demand. Hence, oil and gas producers plan to cut thousands of jobs and Provincial and Federal government revenues are likely to fall by billion dollars. Nonetheless, Bank of Canada predicts Canadian economy will expand in

There are three different kinds of unemployment that affect our economy: frictional, cyclical and structural. Frictional unemployment occurs when there is a time laps between being employed and looking for work. This term can also be referred to as search employment because it is the time spent searching for a place of employment. One example of this would be a student taking time off of work to finish college and get a 4 year degree. Usually, it takes a lot of time and dedication to finish the last years of school, so some students tend to go to school full time and work part time or not at all. This type of unemployment is also classified as voluntary unemployment because this period of unemployment is at the discretion of the person to some small degree. Secondly, there is cyclical unemployment which changes depending on the business need; for example, workers are laid off when business is bad - then

According to Canada’s Social Report, Welfare is defined as social assistance as the last resort. This program’s intention is to aid the less fortunate until they find some sort of financial stability. This is a fantastic system that has helped many! Sadly, we do not live in a utopia, as there are many flaws with the design of this system. To start, the E.I. system is ineffective, the high rates are making it incredibly expensive for taxpayers, and lastly, the vast amount of inefficiencies every Canadian sees in the healthcare system.

Contenta, S. (2010, August 4). Global Post. Retrieved December 12, 2011, from Canada Land of New Jobs?: http://www.globalpost.com/dispatch/canada/100726/jobs-unemployment-economy

As we know, the Social Welfare State was published in 1967, which was used to provide help to those poverty, homelessness, unemployment or disability citizens. To help them had a better live condition or had enough money to survive. Therefore the Canadian government set up several policies to improve Canadians life. For instance, the Canadian Pension Plan, Canada Health Act and Child Welfare League of Canada. These policies or laws finally successfully helped Canadians life after used them.

Inequality, regarding the workplace and workforce, refers to a state of being which involves an absence of opportunity, fairness, and equality, coupled with the presence of extreme variability for a person or group. This extreme variability in work related conditions can lead to the development of strong feelings of insecurity in any person who has experienced such inequality. Insecurity is a feeling or situation people may experience where there is uncertainty, instability, a lack of safe working conditions, and feelings of doubt about work etc. One can argue that inequality leads to insecurity or vice versa; where negative experiences, continuing over extended periods in the market, lead to another group of negative experiences for

For example, the unemployment rate of aboriginal Canadians to African Americans is 3% worse (“Canada’s racism problem...”).Which is really heartrending because Canada is known globally as a peacekeeping country. Another factor that causes heartache to Canadians is the environment. Canada doesn’t quite pay attention to emission of greenhouse gas. Since there are a lot of buildings and houses getting made the air is getting polluted. The agricultural land is getting cleared up due to new constructions of houses. Canada has low gas emission tax ("Canada Dead Last in Ranking for Environmental Protection.")Which means citizens will use a lot of gas since tax for gas is low. Canada is ranked 24 out of 178 countries in the year of 2014. In the past few years Canada was in the top 13 but now has dramatically fallen behind. (“Country Rankings”). In addition, Canadian’s social safety net is doleful. In the years 2008-2009 more than 363,000 people lost jobs (“Canada declining safety net”) and paying all those citizens welfare have cause Canada to decline on social safety net. Even though Canada is slowly coming back up it is not one of the greatest country for providing social safety net.

In today’s economy, many businesses are focused on part- time workers and giving out contracts as oppose to a guaranteed position. Many workers will be forced to go from job to job and hope that they will continue to get opportunities. However, looking at this article and one’s similar to it, it can help me identify where there is work and where I would most likely be hired on a full-time basis. If it is true that there will be a labour shortage in Canada, there is more chance that I will be able to find employment and not have to worry where my next job will come from or how long I will be unemployed

When governments look at policies to reduce unemployment, they tend to look at the short term and then the long term. In the short term, they need to ensure there is sufficient demand and economic growth in the economy to help control cyclical unemployment. This is done by adopting

Downsizing, restructuring, rightsizing, even a term as obscure as census readjustment has been used to describe the plague that has been affecting corporate America for years and has left many of its hardest working employees without work. In the year 2001 we had nearly 1.8 million jub cuts, that’s almost three times as much as the year 2000(Matthew Benz). In the 1990's, one million managers of American corporations with salaries over $40,000 also lost their jobs. In total, Fortune 500 companies have eliminated 4.4 million positions since 1979 including the 65,000 positions cut in February of 2002 (Ellen Florian). Although this downsizing of companies can have many reasons behind it and cannot be

According to one article, “Structural unemployment occurs when certain industries decline because of long term changes in market conditions” ("Unemployment types", 2017). More specifically, as Amadeo states, structural unemployment occurs when “Factories move to cheaper locations” (2017) and more efficient options (such as newer technologies, more skilled employees, etc.) are undertaken. Moving on to the minor types, surplus, being the first, is “caused by minimum wage laws, unions and wage/price controls. When wages are set at a high level, unemployment often results” (Amadeo, 2017). The second minor type is demand deficient unemployment. When there is less demand for a particular product, “firms sell less and so reduce production. If they are producing less, this leads to lower demand for workers” (Pettinger, “Demand Deficient Unemployment”, 2017). Therefore, as the name implies, this is caused by an unmet demand when compared to the people in that specific line of work. The third minor, but also major, type is full employment, which is known to be “devoid of cyclical or deficient-demand unemployment” ("Full Employment", 2017), according to one source, and is not simply, as the name suggests, where everyone has a job. In addition, “full employment means that unemployment has fallen to the lowest possible level without provoking inflation” (Palmer, 2016). Regional unemployment is the fourth minor type, being impacted by structural unemployment and,