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 
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
Hopefully, the economy remains good so that the unemployment rate will continue to decrease which will in return, create more job opportunities, especially for the youth of today and tomorrow.
ReplyDeleteThe Canadian economy is doing very well right now. Our unemployment rates are dropping, trading is going good and the Canadian dollar is high as well. You know that saying "If it's too good to be true, it probably is" I guess this saying applies to what Hima's saying in her article. How long is the Canadian economy going to be doing this good? I give it a few months to a years time till the economy drops again. It won't be long till we see people getting laid off and the Canadian dollar dropping again! I guess that's just the circle never ending circle every country's economy runs on.
ReplyDeleteRelevant point Hima to our class as many are "youth" looking for work - it seems like it's a bit tougher these days to obtain a part-time job. Don't get discouraged...just work your but off in school, get high marks and get a fantastic career later on (you will make up all the part-time money you perhaps "DIDN'T" make in a VERY, VERY short period of time later).
ReplyDeleteKeep up the hard work.
With the retirement of many Baby Boomers it is evident that a lot of jobs will become available. I don't think that careers opportunities will be all full, if it ever comes to that we should put our trust in the Canadian government. Canada is growing, we see it in the advances of technology we are producing and are using. We will always have a lot of jobs no matter what.
ReplyDeleteIt IS so hard to get a job :/ I really hope that the economy continues to stay this way. It will definitely help everyone a lot and give people pocket money to spend as well.
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