Analyze data and explain main source of employment in city – Macroeconomics
Background Unemployment is a hot topic in economics and politics. Politicians debate about policies that could stimulate job creation and reduce unemployment https://www.youtube.com/watch?v=8U3-bxNIjFA. Political parties get elected or lose elections largely because of their proposals, plans and actions to create jobs and reduce unemployment. Economists help political parties and governments to design and implement macroeconomic policies tailored towards job creation and tackling the problem of unemployment. Students in macroeconomic classes study unemployment as one of the topics that are necessary to analyse, understand and design and propose find solutions for. In this exercise, students are required to understand unemployment in its full context and address the following questions in an assay style of writing. Please click the link below, read the short news article, and address the following questions. Please feel free to look for additional sources, readings and information as you deem necessary to understand the issue of unemployment in Calgary. http://globalnews.ca/news/3301156/calgarys-unemployment-rate-continues-downward-slidestill-highest-in-canada/ Please also watch this video broadcasted in March 2016. http://www.theglobeandmail.com/report-on-business/video/video-another-canadian-jobsshock-as-alberta-leads-employment-growth/article29568172/
1. Use the link above and Statistics Canada website to collect data about unemployment in Calgary for the period from September 2016 to March 2017.
2. Organize the data in an excel spreadsheet and present it in a table, chart and include data trends and analysis.
3. Analyze the data and explain the main source of employment in the city (i.e. oil, health, services and other industries).
4. When unemployment rises and declines in Calgary, please explain the reasons behind the rise and decline of unemployment.
5. What kind of macroeconomic policies would your group suggest to address unemployment in Calgary?
