Description: Canada created almost 160,000 jobs in September. That means that the country is out of the deep job loss hole prompted by the pandemic. Statistics Canada states that this job surge has pushed the unemployment rate down to 6.9 %, the lowest since the Covid-19 shutdown began. One intriguing question are how many Canadians out there have followed the model of Aaliyah Beckford who used her layoff as a chance to train for a new career?
Date: October 8, 2021
1) How are employment prospects for this year’s graduating class on your campus?
2) Do you know anyone who has taken a Covid layoff as an opportunity to train for a new career?
3) Starting on page 9-16 of Wiley’s Understanding Financial Accounting we see a section on “Current Liabilities Arising from Transactions with Employees.” Given these current job numbers, which of these liabilities might you expect to be higher than in earlier times in the pandemic?