Why are so many of Canada Young People out of work?

Why are so many of Canada Young People out of work?Some may call them whiny and self-important, but when it comes to jobs, Generation Y’s sense of entitlement is partly the result of being pointed down career paths that have led them back to the same opportunities they had when they were teenagers. “I don’t expect vacations, shopping or extravagance in my life,” said Angie Robbins, a 27-year-old who has a bachelor’s degree in nursing. “I want to work, [but]…

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Job Market Slows in May

Job Market Slows in MayCanada’s unemployment rate held steady at 7.3 per cent in May following two months of large gains. Statistics Canada said Friday the economy created 7,700 new jobs last month. That wasn’t enough to move the employment rate one way or the other, although it was slightly ahead of the 5,000 gains that economists were expecting. But the jobs showing was a marked slowdown from the previous two months, which saw…

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Canada Loses Jobs in November

Canada Loses Jobs in NovemberCanada shed another 19,000 jobs in November on the heels of a steep drop in October, edging the national unemployment rate to 7.4%. The economy lost 53,000 part-time jobs, offset by a gain of 35,000 full-time jobs, according to labour force numbers released by Statistics Canada on Friday. Finn Poschmann, vice-president of research at economic think-tank the C.D. Howe Institute, said a second month of bad job numbers left him…

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Stocks Expected to Fall as Economy Expectations Plunge

Stocks Expected to Fall as Economy Expectations PlungeThe resource-heavy Toronto stock market could be headed for another week of losses as commodity prices adjust to much lower expectations for economic growth. And while economic data this week is expected to show that the Canadian economy continued to grow in early summer, investors aren’t expected to find encouragement in the numbers as the economic outlook likely worsened in August. “Buckle up” for a rough ride, advised John Stephenson,…

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How to Cope with Unemployment

How to Cope with UnemploymentMonday is the day of love, but if you are one of 1.4 million unemployed Canadians, chocolates and flowers may be the last thing on your mind. Two weeks ago, Finance Minister Jim Flaherty spoke pessimistically in the House of Commons about employment prospects in 2011. He said the best we could hope for was more of the same, i.e. unemployment rate in the range of 7.6 per cent. Days…

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