Early predictions stated that Canada as a country would gain 20,000 jobs in March, yet the final result was that it actually lost 1500. Despite this fact, the unemployment rate managed to drop by 0.1%, from 7.8% to 7.7%, as almost 15,000 fewer people are looking for work. Economists report that things are not as bad as they seem, since full time employment rose by 90,600 in March, and the loss of 92,100 part time jobs is not yet worth the hours of those full time jobs. The major contributors and industries that gained the most jobs in March belong to the accommodation and food services sector, where a total of 36,000 jobs have been created. This means that the level of employment in this sector has gone back up to what it was originally 12 months before. Other industries that saw drastic changes were the construction industry, which created 24,000 new jobs, while health-care and social assistance industries actually saw a loss in jobs. The health-care and social assistance industries lost a total of 17,000 jobs as the numbers of public sector employees fell drastically in March. Each province had different rates of unemployment, and also differed between whether or not it was going, and so in the end, it all depended on where you were situated.I believe that the loss of the part-time jobs would not affect Canada's economy all that much since so many full time jobs were created. These full time jobs work far more hours than the part-time jobs, and so it builds a more stable economy for Canada where people can work that they can continue and work at for many years in the future. It is also great that the unemployment rate has decreased, as even though it only changed by 0.1%, it still has a very large effect since 0.1% already amounts to a lot of people, considering Canada's current population.
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