Unemployment rate in America is very high. There is very little growth in GDP.
In January unemployment rate was about 9%. Highest unemployment rate was
in 1982 above 10%. Now it is very big challenge for whole America how to face it.
Cheap labor of emerging economies like China & India have given a thread to demand of labor. Rate of crude oil may increase problem in future. Unemployment rate in Canada in January was above 7% . Problem is more deeper in America than Canada.
Canada has a very small economy compare to America. It has huge oil reserves & export side is strong. It is very easy to achieve low employment rate than America.
Highest employment rate of Canadian history were in 1982 above 13%.
It is biggest challenge for America.
