LABRST 1C03 Lecture 8: 8.docx
19 Feb 2015
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Unemployment- individuals without jobs and actively looking for work. Unemployment rate- nr of unemployed individuals/ all individuals in the workforce, Graph: highest levels, 1983 and 1993, 12% and 11%, after the 2 major recessions, currently, Differences in the ur: higher for men than women, higher for younger people bw 15-24, higher for lone parents, recent immigrants and aboriginal people and those with disabilities, regional differences. Also, low unemployment rate does not mean stable employment, individuals cycle in and out of jobs. ex: period of 1 year, have more than 7. 2% experiencing unemployment. unemployment for long periods is rare in. 60%. decrease in the level of benefits awarded. small proportion of income. Ontario- median hourly wage is /hr. compare to canada, only us has greater nr of low paid workers, Influenced by technology which eliminates jobs, availability of labour off shore, social difference: gender, immigrant status,
