THE ECONNOMY IN CANADA

To address the economy in Canada you must define the areas to be measured. Economic expansion occurs when the economy is growing and people are spending money. In order to be doing this, there must be money to be made. Therefore there must be some kind of workforce to employ the people in order to make the money to be spent. Conversely the opposite happens during a recession when the economy slows down. Business at this time is not able to sell as many products. They then increase layoffs, which will slow down the economy and see a decline in productivity and spending of consumers.
As a starting point to address this question, the fist point addressed will be the unemployment rate. This rate is defined as the condition in which a population wants to work but cant find jobs (1). In the time January 1993 to January 2003 the unemployment rate went from 11.1% to 7.4% (1). This decrease in the unemployment rate accounted for 3.7% increase in the number of employed work force. This in turn ...