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By Willy Wonk (anonymous) | Posted August 25, 2011 at 13:12:24
"So if the reported rate of youth unemployment in Canada is 13 percent give or take - what's the actual rate? 23 perent? 25 percent?"
I think it hit 16.3 per cent during the summer of 2009. But while you have a point, the granular detail that would reveal true numbers has always been elusive. Even so, 13-17% youth unemployment is not as entirely novel.
Ontario’s unemployment rate among youths (15-24):
1991: 14.9%
1992: 17.3%
1993: 17.4%
1994: 15.5%
1995: 14.5%
1996: 14.9%
1997: 17.3%
1998: 14.4%
1999: 13.1%
Canada’s unemployment rate among youths (15-24):
1991: 15.8%
1992: 17.1%
1993: 17.1%
1994: 15.8%
1995: 14.7%
1996: 15.4%
1997: 16.2%
1998: 15.2%
1999: 14.0%
Source: Youth Unemployment In Canada
http://dsp-psd.pwgsc.gc.ca/Collection-R/LoPBdP/CIR/824-e.htm#Table 1(txt)
Workforce participation among Ontario's youth is apparently 58%, which is around 10% lower than compared to the adult population (but considerably better than the approximately 49% participation among their counterparts in the United States). What's less talked-about is the decline in the average youth's working week. In October 2009, it was pegged at 23.4 hours.
http://www.cbc.ca/news/canada/story/2009/10/06/youth-unemployment.html
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