New Jobs as the Recovery Matures
By November of 1985, Canada's seasonally adjusted unemployment rate had fallen to 10.2 per cent, one full percentage point down from the rate eight months earlier. This drop results from the creation of 304,000 new jobs, which pushed total employment to 11.47 million in November. However, the new employment was not evenly distributed—Ontario, Quebec and New Brunswick picked up 84 per cent of the new jobs, although they are home to only two-thirds of Canada's labour force.
Ana1ysts explain that as companies gain more confidence in the economy, they hire additional workers to meet new demands, rather than ask present employees to put in overtime. (Globe and Mail, December 10, 1985)Subscribe