Unemployment Rates; What Do We Actually Know?
by she2lby on Octobre 2, 2017 - 8:52am
Unemployment has been a popular topic during June 2017 to September 2017 throughout the world, because of the fluctuating rates. There have been many articles written about the past events, but what information is being given by different news outlets are not all the same. They discuss what has been affecting them, but they all have a different way to measure these.
For example, in a recent article from the Montreal Gazette published on Sept. 8, 2017, by Andy Blatchford, it mentions that the unemployment rate in Montreal has moved from 6.3 percent to 6.4 percent and Quebec has increased to 6.1 percent from 5.8 percent. The element that they say is causing this change is because even if there have been many jobs created by the Canadian Government, for Quebec there has been an increase in part-time employment and loss of full-time employment, and a lot of the jobs are being created elsewhere in Canada. The reasoning for them is because people on unemployment are looking for full-time jobs and not part-time. Whereas, in the rest of Canada it is the opposite where more full-time jobs are being created, and Craig Wong wrote an article for the Toronto Star on Aug. 4, 2017, that they have seen an overall decrease by 0.2 percent since October 2008 to 6.3 percent. But if we take the United Kingdom, for example, their percentages have fallen as well stayed in an article published by BBC written on Sept. 13, 2017. They say that it is due to economy staying at a stagnate rate for wages causing the unemployment rate to fall by 75,000 in three months.
What I found interesting is that when talking about the unemployment rate in Canada, they do not mention the wages. But in the United Kingdom, it is discussed hand-in-hand. I feel that the unemployment rate will be affected if people can support themselves on the wages offered in their country or if it is a smarter option for them to go on unemployment payments instead of trying to work multiple jobs. I feel that fluctuation of the wages in Canada should be information that we have access to understand why the changes in the employment rate in Canada. With a comparison of the salaries and what type of jobs are being created, we could rule out if the wages truly do have a significant influence on the employment rate. I feel that the articles published in Canada provide more statistics than an explanation to why this is happening. The real question we need to ask ourselves is, are we given all the information to understand why the rates have been fluctuating? And is the news not providing enough information for us to comprehend what is happening around us?
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