Unemployment is a big factor affecting the Canadian economy. Even though Canada is in its ninth consecutive year of economic recovery since the recession of the early 1990's, the unemployment problem in Canada remains at a crisis level. The current unemployment factor has created a drastic negative impact on the growth of the Canadian economy. Although Canada's official unemployment rate is only around 7%-8%, joblessness is actually much worse than the statistics suggest. Declining labour …
showed first 75 words of 1417 total

showed last 75 words of 1417 total
…their potential will remain at waste. Unless more high quality jobs are created within the economy to maximize output potential, workers skills will continue to go to waste at lower paying jobs, resulting in less money being put back into the economy. The unemployment problem works in a vicious circle, hampering the growth of the Canadian economy and will remain this way until solutions are created to help deal with ever-increasing unemployment problem in Canada.