Description: You may have noticed this – 81,000 new jobs were created in in August in Canada. A high number of the jobs were in the service sector and were secured by young Canadians. The unemployment rate of 5.7% is close to its lowest level in 40 years.
Date: September 6, 2019
1) Would you or any of your class mates have benefitted from the August job surge?
2) Do you work part-time during the school year? How do you fit it into your schedule?
3) In Wiley’s Financial Accounting: Tools for Business Decision-Making you can read about accounting for Employment Benefit Expense (see pages 528-9). In a situation where employment is increasing, what would you generally expect would happen to this expense?