Policy Brief - Assignment Example

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Canada currently boasts of having one of the highest per capita income and GDP growth rate (Ligaya, 2014). However, this does not necessarily mean that Canadas economy has no challenges. Currently, youth unemployment ranks…
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Policy Brief
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Download file to see previous pages For this reason, there is an increased need for the Canadian legislators to find better ways of creating jobs for the youth so as to improve the standards of living of the Canadian youths. This policy document seeks to highlight the extent of youth unemployment in Canada to policy makers, and what needs to be done to reduce youth unemployment for the betterment of the economy and the society.
Canada ranks among the countries that are doing well economically. Despite having been affected by the recent financial meltdown, the Canadian government took proactive measures that ensured faster recovery of the economy. With the current per capita of $43,472, the Canadian economy ranks among the largest in the world. The Canadian government has also been doing well in terms of keeping the inflation rate down. The current Canadian inflation rates stand at about 1.0%, which is among the lowest in the world. Nevertheless, the main issue of concern to most Canadians currently has to do with the high rate of youth unemployment rates. 2015 economic index shows that the average unemployment rate stands at about 7.1%. However, youth unemployment stands at 13.6%, which is among the highest in the region (Leung, 2013). In fact, the Canadian youths had a lot of hope when the Conservatives took the reins of power as they thought the new administration would generate enough jobs for the youths in the first few years in the office. However, the hopes of the Canadian youths have been dashed, as the rate of youth unemployment continues to rise throughout the country. A report by Goar (2014) reveals that, at the time the Conservatives took the reign of power in 2006, youth unemployment was only 12.2%. However, the percentage of youth unemployment has since jumped to 13.6%. Goar argues that this statistic tells only part of the larger problem. Art Columnist observes that thousands of Canadian ...Download file to see next pagesRead More
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