Canada ‘pumping out jobs,’ employment report shows - thestar.com

Canada ‘pumping out jobs,’ employment report shows - thestar.com


National unemployment rate unchanged at 8.1 per cent

In Ontario, there has been an increase of 18,000 full-time positions. However the return of formerly discouraged workers to the labour market and an increase in the population has kept unemployment rates fairly the same. The unemployment rate in Ontario edged up 0.1 per cent, to 8.9 per cent. Through out Canada, employment was up 25,000 in May, the fifth consecutive month of reported job gains. Full-time positions were up 67,000. Full-time employment has changed significantly since 2009.

This article shows how unreliable unemployment rates are in predicting the number of people who have no jobs. Although many people gained jobs, the unemployment rates stayed the same. Canada’s economic recovery has pumped out jobs as the economy grew at a stronger-than-expected pace in both the fourth quarter of 2009 and first quarter of 2010. We must consider that unemployment rates is not a good way of measuring the number of unemployed citizens as it does not include discouraged workers and those not enrolled in the unemployment program.

It is predicted that unemployment rates will continue to drift lower, but will likely remain above pre-recession levels as workers who became discouraged during the economic downturn return to the labour force.

What is also interesting about this article is that majority of job growths were among 55 year old and older. This is kind of odd because these people are about to retire and they are being taken into jobs instead of the young job seekers. However this may be because the older you are, the higher chance of being hired since you have more experience.