“The Labour Force Survey also collects labour market information about the territories. This information is produced monthly in the form of three-month moving averages. Not all estimates are seasonally adjusted, therefore, comparisons should only be made on a year-over-year basis.

In the last quarter of 2009, the number of people working in the Northwest Territories fell by 1,500 compared with the same quarter of 2008 and the unemployment rate was 6.0%, the lowest among the three territories.

Employment in the Yukon fell by 900 over the same period and the unemployment rate reached 7.5% in the final quarter of 2009.

In Nunavut, employment was little changed for the last three months of 2009 compared with the same period a year ago and the unemployment rate stood at 12.7%.”

So what does this mean to you?

Typically you go through at least 11 jobs in your life, some more. Your likely going to be working a different job in 4 years from now, but the job you have is the one you have. You will make more money and your life will get better from either:

-          Finding a higher paying job (which may involve getting educated and switching industries)

-          Find a business opportunity or self-employed job that you can sink your teeth in

-          Buying into an existing company or franchise and becoming self-employed (maybe employ some of those unemployed youth out there with their first jobs)

-          Fins a small side job to make extra money, be creative, and be frugal

How can you do this if you’re struggling for funds?

-          Government Small Business and Youth Business Funds

-          Loans From Friends and Family (Which you should document, www.documentyourloan.com)

-          Bring on a partner for your idea with capital

-          Get educational loans and or funds for changing vocation

-          Possibly your company will put funds towards education if retrenchment is near, at least they get tax write-offs

-          Find a business that takes little capital to start but you can begin and get cashflow with a few friends and family contacts or old contacts from past work and business you have done

Go to the people who believe in you, past employers, past business partners, friends, family, someone you gave advice to that worked, and work on your relationship with them first to either gain investment or a loan… or possibly supply them a service or business offering you have. It’s one of the first steps, but if you make a loan, make sure its documented. (www.documentyourloan.com)