Chapter 5: Unemployment rates soaring: Good or bad?[ http://workpermit.com/news/2007_03_22/canada
/british_columbia_needs_350000_workers.htm ]

The above article, an employment issue is clearly defined within British Columbia. Because of the baby boom, a large population of the working force is starting to enter retirement, leaving a mass amount of jobs without enough qualified people to fill them. The current generation that is about to enter the workforce is smaller and obviously not experienced yet-forcing employers to adjust. Some cities, such as Kamloops and Kelowna, are encouraging people to get jobs. Recruitments went as far as Edinbourgh, the Netherlands, and Germany. It's important for our province to have as many capable workers as possible to keep the strength of the economy going. Currently, British Columbia as a whole is trying to employ more and more immigrants to fill the gaps in employee-hungry industries.
There are some good points about the employment issue in British Columbia. The whole situation has led to a new low record of unemployment. In fact, it has become the opposite of a demand-deficient unemployment situation. Jobs are being easily obtained and employers have become more open to the variety of employees. It is now easier for anyone to get a job, increasing employment rates. This means that more people have jobs, meaning that it is easier to support themselves. Unemployment has always been an issue in every country because it usually means a shortage in skilled workers. It can hurt the economy and may even hinder economic growth. If companies lose profit from a lack of qualified employees, then they may have to start laying off people, which further hurts the economy. People will start to save and those fired will have less money to spend, therefore less money circulating. This decreases the GDP of the country because it is a cycle of saving. So unemployment is bad. But low unemployment rates could be a bad thing as well.

Hold on now-how could unemployment and low unemployment rates be bad things at the same time? The thing is to look at why there are low unemployment rates. Again, it's because many people are starting to retire, leaving jobs open for others. This means that more new people get employed, lowering the unemployment rate. But most of these people are unexperienced and many employers were forced to settle for them. Does this really solve the problem in British Columbia of the shortage of skilled workers?

(If you really think about it, maybe they're just employing a bunch of asian kids that don't really know what they're doing..)