Skip to content

The Monitor Progressive news, views and ideas

Dude, where's my job?

May 10, 2013

1-minute read

The real unemployment rate 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. 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. 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 pegged 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. 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.

Unreal.

Angella MacEwen is a Senior Economist at Canadian Labour Congress and a Research Associate at the Canadian Centre for Policy Alternatives.

Topics addressed in this article

Related Articles

Canada’s fight against inflation: Bank of Canada could induce a recession

History tells us that the Bank of Canada has a 0% success rate in fighting inflation by quickly raising interest rates. If a pilot told me that they’d only ever attempted a particular landing three times in the past 60 years with a 0% success rate, that’s not a plane I’d want to be on. Unfortunately, that looks likes the plane all Canadians are on now.

Non-viable businesses need an"off-ramp"

Throughout the pandemic, many small- and medium-sized businesses have weathered the storm, thanks to federal government help. In his deputation to Canada's federal Industry Committee, David Macdonald says it's time to give those businesses an "off-ramp".

Truth bomb: Corporate sector winning the economic recovery lottery; workers falling behind

This isn’t a workers’ wage-led recovery; in fact, inflation is eating into workers’ wages, diminishing their ability to recover from the pandemic recession. Corporate profits are capturing more economic growth than in any previous recession recovery period over the past 50 years.