Canada’s jobless rate falls but not as much as expected by economists:

http://www.vancouversun.com/business/Canada+jobless+rate+falls+much+expected/3922571/story.html

By Derek Abma, Postmedia News December 3, 2010 8:23 AM

According to economists, the unemployment rate in Canada dropped during last month; however, the drop was not as high as it had been estimated and expected. For instance, “there were 15,200 people employed in Canada” in November, although ’20,000 job gains” had been expected. Furthermore, most of the job gains were initiated in Ontario last month due to its highly developed industry.

The news regarding the growth of employment in Canada spreads hope amongst everyone; in a big and developed country such as Canada where the standards and as a result expenses of living are high, more and more people are required to take on jobs in order to be able to sustain their families; in fact, the expenses of living keep rising, which leave most families with a very low income which results in a lack of proper education, nutrition, and other factors which result in harming our society in the end.

In addition, although the economists are not entirely happy with the meager rates, I still believe that the drop in unemployment represents and foreshadows a greater drop in the rate in a very near future, as growth is always better than steadiness and not growing at all; hence, we must be happy with regards to these results and keep on hoping that the rates keep dropping.

Moreover, the unemployment rate in British Columbia in the past month was 6.9%, which means that only 6.9% of our province’s population was unemployed last month; this must be great news for all of us as it indicates that 93.1% of our population was employed and had income. Now, what we must aim for is to turn the unemployment rate number to as low as possible, maybe even zero in a near future.