Unemployment Between Unemployment And Unemployment Essay

784 Words Sep 14th, 2016 4 Pages
Unemployment

Unemployment occurs when there is more labour demand than labour supply in a society. The unemployment rate is a tool to define the percentage of unemployed people in the labour force who are seeking a job.

• Unemployment rate.

• Creation of part time jobs to recover for the losses of full time positions.

• Flat and steady growth of the economy

• More unemployment due to the Canadian recession in the oil and sand industries

• Gain of jobs in August comparison to July.

1 Section1_StephanieMurcia_Unemployment.docx

The graph below shows that there have not been any dramatic changes from July to

August of 2016. Source by: Statistic of Canada.

Statistic in Provinces of Canada

Unemployment Rate

20.00%
10.00%
0.00% Alta N.B N.L Ont. Que Provinces Alta N.B N.L Ont. Que
Jul-16 8.60% 9.40% 12.30% 6.40% 7.10% Aug-16 8.40% 9.70% 12.80% 6.70% 7%

Unemployment represents wasted workers potential production within an economy. Unemployed workers refer to the numbers of individuals actively looking for a job. During recession times, like the one Canada is experience right now. There is more demand for labor but limited amount of companies that can supply jobs creating an inadequately balance in society. This affect the economy in a negative way as unemployed workers means lose wages, and service that they would use if they had a…

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