In this article, it states that Canada’s economy has lost
more than 10,000 jobs last month which increased the unemployment rate 6.6%. Across
Canada, there was a big decline in employment in Ontario where they lost 34,000
jobs and in Saskatchewan. However, the employment rate increased in Quebec and
Newfoundland and Labrador and the employment rate in Quebec is said to be its
biggest employment gain and the first time the province has shown any employment
growth in more than six months. According to the article, the hardest hit across
Canada was the retail sector losing 42,000 jobs and service production jobs
lost about 28,000 positions.
This article demonstrates the government function of
stabilizing the economy. It demonstrates this because it has to do with an
increased rate of unemployment in which the government has control over trying
to reduce the unemployment rate. However, according to the article the economy
added more than 5,000 full time jobs but the added jobs had no effect due to
the decline of 16,000 part time jobs.
