Unemployment for Canadians aged 15-24 now over 14%
Young Canadians are struggling to find work in what’s become the worst summer job market in over two decades. According to new data from Indeed, job postings in early May were down 22% from last year.
Last month, the unemployment rate for Canadians aged 15 to 24 surpassed 14%. For recent grads, it hit 11.2% in the first three months of this year - the highest rate in over 20 years outside of the pandemic.
Some of the reasons why it's so bad right now? The economy has slowed, population growth has outpaced jobs and more businesses aren't hiring due to tariff uncertainty.
(Written by: Loreena Dickson)