It is evidently clear from the discussion that the level of unemployment over the years has been higher among female than a male from 1950 to 1984. Between 1985 and 2014, the unemployment rate for men has been higher than for women. During the period between 1984 and 1995, the unemployment rates for female fell dramatically perhaps due to the wave of feminism that hit Canada and other parts of the world during that period. More women were able to secure employment with the introduction of equality in the labor markets. The employment rate for women increased during this period. From the data, Newfound-land & Labrador has had the highest levels of unemployment rates among the geographical regions in Canada. On the other hand, Alberta and Saskatchewan have had the lowest unemployment rates among the regions. These statistics are influenced by the demographic characteristics of the regions. It is evident from the above data that the unemployment rate influences the inflation rate in the economy. The unemployment rate for Canada was 3.8% in the period between 1950 and 1954. At this same period, the inflation rate was highest at 3%. On the other hand, the level of unemployment was highest in the period between 1990 and 1994. At this same period, the inflation rate was lowest, at 1.1%. This curve indicates that changes in unemployment levels directly affect the inflation rate. The curve is downward sloping showing that inflation rate reduces as unemployment rates increase from 1950-1990. In the period between 1990 and 2009, the unemployment rate reduces from 10.8% to 6.6%. This directly affects the inflation rate, which increases from 1.1% to 1.6%. The level of Government spending generates economic growth. As such, unemployment rates fall as firms compete for workers by raising nominal wages. Wage costs for firms rise because workers have more bargaining power in seeking nominal wage increases. Firms react to the increases in wage costs by increasing the prices of goods and services.
Cite this document
(“Canada Unemployment Rate from 1950-2014 Assignment”, n.d.)
Retrieved from https://studentshare.net/sociology/738653-please-finde-the-attachment
(Canada Unemployment Rate from 1950-2014 Assignment)
“Canada Unemployment Rate from 1950-2014 Assignment”, n.d. https://studentshare.net/sociology/738653-please-finde-the-attachment.
Cited: 0 times
This research is being carried out to evaluate and present Canada unemployment rate from 1950-2014 by such age groups as 15-24; 25-44; 45-64; 65-69. This essay also explores the unemployment rate by gender and geographical region…
The Federal Reserve uses prevailing unemployment rate to set the direction to its monetary policy. In this paper, an attempt is made to understand the relation between prevailing unemployment rate and corresponding inflation rate with the help of the Phillips Curve.
What part does the economic downturn of the last three years play in this area, and what factor does industry have to do with joblessness? Or is it simply the normal economic adjustments occasionally required from a capitalitisic society? Also we will look at what part the nation’s defense plays in the budget and whether defense spending affects the United States.
Since it was the most serious crisis in the Canada's history, thus this paper will examine the reasons which cause such horrible outcome, criticize the present situation and have a better understanding in unemployment for prevention.
which provides a maximum of 53 weeks period of income benefits to Canadian citizens who are unemployed. The application for Employment Insurance is renewable depending on each individual’s progress on job applications.
The main objective of
They spoke of their experiences of after their parents found out about their sexuality choices. I found it really sad that they had to be treated like this for their lifestyle choices. One of the students’ parents threw out his clothes in the garbage when
There should be effective risk management strategies. This entails managing security and privacy risks with security professional services. The company will have to increase on the range of services that are meant to assess the risks, create action plans for compliance to
Contemporarily, women talk about diminishing and end of the men. Hanna Rosin’s essay The End of Men is an excellent example of an article that clearly depicts the aforementioned fact. At the same time, men discredit her essay as
8 pages (2000 words)Essay
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you another Assignment on topic Canada Unemployment Rate from 1950-2014 for FREE!