As wetalk about CANADA, unemployment rate has been fluctuating from 7% to 9% andcurrently to 5.8% from 2000-2017. The unemployment ratein Canada dropped to 5.9 percent in November of 2017 from 6.
3% in October and beneathmarket prospects of 6.2 %. It is the lowest unemployment rate since February of2008 as the economy produced 80,000 jobs.
Unemployment Rate in Canada was foundto be 7.68 % from 1966 until 2017 at average, reaching 13.10 % which was the highest in December of 1982 and a record low of 2.9% in June 2000. In November, employment increasedfor women 55 and plus, for youth aged 15 – 24, and for men aged 25 – 54. Therewas minor change for the other demographic groups.
Employment increased inOntario, British Columbia, Quebec and Prince Edward Island. At the same time,fewer people were employed in New Brunswick, while there was little change inthe other cities. Some goods and services producing industries recordedemployment gains, wholesale and retail trade, manufacturing, educationalservices, and construction. However, a decrease was measured in agriculture.
Therise of employment in November was observed in private sector employees.The average value for Pakistan’sunemployment rate during 2000-2016 was seen to be 6.01% with a minimum of 4.
26% in 1994 anda maximum of 8.3% in 2003. Following an increasing labor force contribution rate (from50 percent in 1999-2000 to 52.5 percent in 2006-2007 and 6.0 percent in2014-2015), the employment to population ratio went up over the last ten years(from 46.
8 percent in 1999-2000 – 6.0.4 percent in 2014-2015),especially for women, which highlighted the efforts made by Government tocreate more employment opportunities for everyone. Overall, men seem to benefitmore from labor market advances. In 2012-2013, the share of men with a pay andsalaried job was at 41.2% which is almost double than that of females that is21.6%, highlighting a situation in which the few wage and salaried jobs that arecreated tend to go in the hands of men rather than women.
Approximately six outof ten employed people in Pakistan (61.6 %) in 2012-2013 were considered to be atrisk of lacking decent work. The large share of female vulnerability that is 78%needs special attention. Also large share of youth vulnerability is a matter ofconcern which happens to be 60.9%. Although young people are better skilled comparedto adult labor force, they unfortunately have to face similar labor marketissues as adults. Moreover, a very low percentage of labor productivity hasbeen seen in Pakistan over the last decade.
Furthermore, the relatively lowgrowth in labor productivity has not gone hand in hand with the rising laborforce and employment growth. This development suggests that many new labor marketentrants are taking working on low productivity and poorly paid salary.