Young people lag behind in Canada's economic recovery, with rates of unemployment and underemployment still significantly above pre-recession levels. The danger is that this will have a permanent scarring effect on many youth, with long-term negative implications for both our economy and our society.
It is often forgotten that Canada still has a large “echo baby boom” youth age cohort, with some 4.4 million persons age 15 to 24 now transitioning into the paid work force. They will all be needed in a few years just to replace “baby boomer” retirees, and our economic prospects will be brighter if our future work force gains relevant skills and experience today.Read more
The dog days of summer may yet be upon us, and already youth unemployment is a hot topic of conversation.
But talk is cheap. The fact is too many young Canadians are set to wade into another long summer, frustrated and anxious about their grim job prospects.
And little wonder for their anxiety.Read more