"This time of year sounds good for our economy"

Last month, the Canadian and U.S economies decreased unemployment rates especially among youths fell by 0.7% The Canadian economy has become strong lately. Employers in Canada added 59, 000 new workers to their job markets which also included youths aged 15 to 24. Numerous job opportunities were available for retail, wholesale trade, professional, scientific and technical services as well as agriculture. These jobs were offered in full-time and well-paid. This was good news for many unemployed individuals especially coming closer to this time of year, where money is essential. As for America, job growth exceeded the market expectation of 85, 000 and according to the U.S Bureau of Labor Statistics this increased in retail trade, professional services, business services and health care.

As this may seem like good news for the economy, according to Capital Economist David Madani, “this will be reversed in the next few months or so” According to David Madani this sort of decrease in unemployment rates is not as significant. For in a few more years the new generation is going to suffer tremendously to find a job. As he says there are many young educated individuals out there who are jobless. With today’s increasing unemployment rates it will become nearly impossible to find or cope with a job for many years to come. Governments have to develop new strategies to reduce unemployment. For we all know that young workers are among the best educated in our national history.

Sadly Job prospects are still insufferably poor; at least the economy is strong for the holidays. Hopefully the job market will turn around in the next few years or at least by the time we all need a job. Sadly I don’t think it will change anytime soon.

Give me your input? What do you all think will happen in the Job market in the near future? What do you think will happen to the Canadian and American economy?

Most of my information is from this article: http://www.thestar.com/business/article/1299294--canadian-and-u-s-economies-experience-job-growth