-Locate the statistics for employment in two foreign countries. How many workers were there in 1996? 2006? List the statistics for each country that you selected.
Canada and Australia are selected as foreign countries to locate their employment statistic. From 1996 to 2006, there is improvement in the employment statistics of Canada. As of 1996, there were 13338 annual employment rates in Canada which reached up to 16393 in the year of 2006. The statistical table of Canada’s employment is as followed:
In Australia, in the year of 1996 annual employment rate was 8364 which reached up to 10255 in the year of 2006. Employment statistical table of Australia is as followed:
How does this affect the U.S. economy?
The United States of America, which has the largest economy in the world, has $14.3 trillion GDP in 2009, which is supposed to be as three times bigger than the size of the other largest economy. The American labor market is also attracted for immigrants from all over the world and its immigration rate is one of the highest in the world. Businesses in USA also consider outsourcing foreign countries because they are ready to do the work at lower price. Immigrants of foreign labor and trend of outsourcing foreign countries has led to low employment rate in USA. The employment rate of America from 1996 to 2006 shows low improvement in the local labor market, the statistical table of employment of USA is as followed: Get writing help