The Fraser Institute is raising concerns about Canada’s youth unemployment rate.
Results of a recent study show that the speed of the increase and the level of youth unemployment are unprecedented for an economy that is not suffering a recession.
When comparing Canada’s youth unemployment rate of 13.8 per cent to that of the United States, which is ten per cent, that 3.8 per cent spread is an all-time high.
The report also brings to light that the gap between youth unemployment and adult unemployment within Canada has reached an all-time high, at an 8.1 per cent difference.
Fraser Institute attributes much of this to the country’s surge of immigration and recent minimum wage hikes, as 70 per cent of youth jobs are in the retail, trade and accommodation, and food services sector, where a lot of the weakness is concentrated.
















