Youth Still Stuck in the Recession (Dude, where’s my job?)
The real unemployment rateÂ for Canadians over 25 was 8.8% in April. Not great, for sure, but slightly better than it was in 2009.
For youth 15-24, it was up from last April – to 20.9% – so more than 1 in 5 youth are looking for work and can’t find it.Â In Ontario, it’s closer to 1 in 4, and in PEI it’s 1 in 3.
If we look at the participation rate of youth aged 20 to 24, we see that it’s actually fallen by 2 percentage points since the trough of the recession in July 2009. Â During the recovery, young people have been leaving the labour force.
The employment rate for the 20 – 24 age group in April 2013 was exactly the same as the employment rate in July 2009, and 4 percentage points lower than in October 2008. That represents a gap of nearly 100,000 jobs.
Considering the growing number of unpaid internships, which the U of T Student’s Union recently peggedÂ as high as 300,000, the labour market is not a friendly place for young workers.
To top off the dismal labour market, our social safety net is failing young workers too. Â Only 13% of unemployed youth aged 15-24 qualified for EI in 2012. As usual, the coverage is worse for women who are more likely to be found in precarious employment. Only 7% of unemployed young women qualified for EI in 2012.