Home Research PapersAs efforts made by Government to create more employment

As efforts made by Government to create more employment

As we
talk about CANADA, unemployment rate has been fluctuating from 7% to 9% and
currently to 5.8% from 2000-2017. The unemployment rate
in Canada dropped to 5.9 percent in November of 2017 from 6.3% in October and beneath
market prospects of 6.2 %. It is the lowest unemployment rate since February of
2008 as the economy produced 80,000 jobs. Unemployment Rate in Canada was found
to 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 increased
for women 55 and plus, for youth aged 15 – 24, and for men aged 25 – 54. There
was minor change for the other demographic groups. Employment increased in
Ontario, British Columbia, Quebec and Prince Edward Island. At the same time,
fewer people were employed in New Brunswick, while there was little change in
the other cities. Some goods and services producing industries recorded
employment gains, wholesale and retail trade, manufacturing, educational
services, and construction. However, a decrease was measured in agriculture. The
rise of employment in November was observed in private sector employees.

The average value for Pakistan’s
unemployment rate during 2000-2016 was seen to be 6.01% with a minimum of 4.26% in 1994 and
a maximum of 8.3% in 2003. Following an increasing labor force contribution rate (from
50 percent in 1999-2000 to 52.5 percent in 2006-2007 and 6.0 percent in
2014-2015), 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 to
create more employment opportunities for everyone. Overall, men seem to benefit
more from labor market advances. In 2012-2013, the share of men with a pay and
salaried job was at 41.2% which is almost double than that of females that is
21.6%, highlighting a situation in which the few wage and salaried jobs that are
created tend to go in the hands of men rather than women. Approximately six out
of ten employed people in Pakistan (61.6 %) in 2012-2013 were considered to be at
risk 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 of
concern which happens to be 60.9%. Although young people are better skilled compared
to adult labor force, they unfortunately have to face similar labor market
issues as adults. Moreover, a very low percentage of labor productivity has
been seen in Pakistan over the last decade. Furthermore, the relatively low
growth in labor productivity has not gone hand in hand with the rising labor
force and employment growth. This development suggests that many new labor market
entrants are taking working on low productivity and poorly paid salary.

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