This article states and explains the growth in Canada’s hiring trends, in relation to the previous year. Based off the quarterly reports of job openings from Statistics Canada, this summer saw 263 000 new job openings, a 13.5% increase from the previous year. I think that this is an incredible increase, and that it shows good signs about the overall trend of the Canadian economy. The increase in jobs means that the Canadian
unemployment rate will decrease slightly, while also increasing spending throughout the country. This will lead to an overall boost in Canada’s GDP. The article states that most of the 263 000 jobs opening where for construction and mining. The way I see it, this job allocation has both a major pro and con. The Negative is that both mining and construction is largely seasonal work, so the summer increase in jobs may be only for that particular season, and there may be a resulting increase in seasonal unemployment come winter. The good thing is that mining and construction will both benefit the country as a whole. From mining canada’s exports in oil and other precious metals may increase, and the government spending that goes into a lot of public construction will increase consumer spending many times over. This all leads to an increase in Canada’s GDP, which happens to be the major measurement of economic health. In conclusion, I feel that this seasonal increase in jobs can only benefit the country as a whole, and hope that jab opening continue to increase over the following year.