Description: Statistics Canada says that the Canadian economy added 90,000 jobs in August. With an unemployment rate at 7.1%, this key economic measure is now at its lowest point since the pandemic began. The news is not all good, however, as fewer people are actually looking for employment, indicating that the Covid fears may be causing some hesitancy among the workforce.
Date: September 10, 2021
1) What’s your personal assessment of the job situation in your university town?
2) Regarding the hesitancy issue raised by economist Royce Mendes, what strategies do you think could be used to address it?
3) Wiley’s Audting: A Practical Approach often discusses the concept of audit risk. How might the changing face of employment statistics affect an auidtor’s assessment of audit risk for a client?