Analysis of the Main Factors Affecting Employment Rates in Canada

Abstract

The employment rate, as an important indicator of the level of economic development of a country or region, has always been a focus of attention for governments and economists. The purpose of this paper is to analyze the major factors that affect the employment rate in Canada. The scope of the study covers the whole of Canada. This study collected and analyzed the historical employment data, and analyzed the influencing factors of the employment rate through regression analysis and correlation analysis. Based on the results of the study, it can be concluded that a high level of the economy, inflation stabilization and a high level of technology are the main factors for Canada’s high employment rate, while issues such as a low fertility rate and unbalanced regional development may limit the further increase of Canada’s employment rate. This study is important for understanding the current situation and future direction of the Canadian job market. It also provides a number of policy recommendations to promote employment growth and economic development.