Unemployment is again increasing to 6.5% in January 2022, up from 5.9% in December 2022. Discuss, in your own opinion, why this is not as "bad news" as everybody may think?

Review the other 2 macroeconomic goals (inflation and GDP growth) and try to elaborate to support your arguments.

*Don't forget to contribute to 2 other participations to recibe a grade for this discussion.

Please review the following videos and articles before contributing to the discussion:

Unemployment rate increases for the first time in nine months

https://www150.statcan.gc.ca/n1/daily-quotidien/220204/dq220204a-eng.pdf

https://www150.statcan.gc.ca/n1/daily-quotidien/220204/dq220204a-eng.htm?HPA=1&indid=3587-2&indgeo=0

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The unemployment rate was6.5% in January, up0.5percentage points from December2021. This was the first increase since the third wave of the COVID-19pandemic in April2021.

The total number of unemployed people increased by106,000(+8.6%) to1.34million in January2022and was184,000(+15.9%) higher than in February2020. The adjusted unemployment ratewhich includes people who wanted a job but did not look for onewas8.5% in January2022.

The increase in unemployment in January was entirely due to more people on temporary lay-off or scheduled to start a job in the near future (+120,000; +130.5%), while the number of people looking for work was little changed.

Canada lost 200,100 jobs in January as Omicron hit economy According to Statistics, 200,1000 jobs were lost in January as the Omicron variant hit the economy. Bloomberg News' Theo Argitis reports. BNN

Canada lost 200,000 jobs in January as Omicron hit hard | CBC News Canada's economy lost 200,000 jobs last month, according to Statistics Canada, as COVID-19 shutdowns related to the Omicron variant saw many businesses closeup shop. CBC

Economic growth flatlines

The Canadian economic growth has flatlined. Bloomberg News' Theo Argitis reports.

Economic growth flatlines The Canadian economic growth has flatlined. Bloomberg News' Theo Argitis reports. BNN

RISING INFLATION AND INTEREST RATE HIKES GIVE STUDENTS A RUN FOR THEIR MONEY As inflation rates continue to soar in Canada, necessary goods like groceries and gasoline, as well as rental costs, are just a few expenses rising in price, leaving Ryerson students second-guessing more than just the items at the supermarket. In January, Statistics Canada'sDecember consumer price index, which tracks the change in prices nationwide, was up 4.8 per cent from last year. This means in 2020, Canada saw the country's highestannual inflation rates since 1991.

Rising inflation and interest rate hikes give students a run for their money - The Eyeopener A dollar saved is no longer a dollar earned; one year later, it's 4.8 per cent less The Eyeopener

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