Article Reference：http://www.cbc.ca/news/business/canada-adds-43-000-jobs-in-october-jobless-rate-down-to-6-5-1.2827314
Picture Reference:http://www.canadianbusiness.com/economy/gallery-canada-unemployment-rates/
The jobless rate in Canada reached its lowest point in October since 2008. Except New Brunswick, the economy in other provinces added more jobs in manufacturing, self-employment and private sectors. Recall my previous blog, it’s said that Canadian young workers were jobless; but now, they seem to solve this problem by either starting their new business or being private-sector workers.

Definitely, this news is worth celebrating; however, we should think about the reason behind the phenomenon. The increasing demand of workers in manufacturing and natural resource sectors indicates that the globalization is functioning well so that the supply of imports rises (because the population in Canada does not change very much, namely, more supply is caused by the demand from worldwide places). Secondly, we can see the potential hidden behind the alternative energy development. The natural resource will someday be used up and working on the development of the alternative energy technology is crucial to dominate the future business. Thirdly, since the unemployment rate of young workers is still twice higher than the overall jobless rate, the government should further encourage the entrepreneurship. To be more specific, the government can lower the interest rate of loan to promote the young generation to start an enterprise. Besides, this policy will also help the current Canadian government to win the vote if they do so.

In general, the declining jobless rate in Canada not only is good news for all the citizens, but also benefits the Harper’s Conservative a lot.