Young Canadians are encountering a challenging labor market that has worsened more rapidly than in any other major advanced economy. Over the past two years, unemployment among individuals aged 15 to 24 in Canada has risen by 3.6 percentage points, marking the largest increase among the 25 largest economies in the Organization for Economic Co-operation and Development (OECD). This group includes countries like the US, UK, and Australia. The sharp rise underscores the growing difficulties faced by Canadian youth in securing employment opportunities.
— news from Bloomberg.com
— News Original —
Canada’s Youth Job Market Slumps Most Among Major Economies
Young Canadians are facing a labor market that has deteriorated faster than in any other major advanced economy.
Over the past two years, unemployment among 15 to 24 year-olds in Canada jumped 3.6 percentage points, the sharpest increase among the 25 largest economies in the Organization for Economic Co-operation and Development — including the US, UK and Australia.