The deteriorating employment among young 2012
If the Canadian labor market is down for several months, it continues to deteriorate in young people.
In February, the cohort of 15-24 years has lost 26,800 jobs, a coast to coast including 200 in Quebec, says Statistics Canada.
Over the past year, the bleeding is $ 68,700 across Canada, including 32,200 in its distinct society.
Nationally, the rate of youth unemployment rose two-tenths to 14.7%. The deterioration was contained in a stall of 25 000 young people from the workforce.
For all applicants and Canadian job seekers, however, the unemployment rate fell two-tenths to 7.4%, despite the loss of 2,800 jobs, concentrated in the services sector.
The decline in unemployment is only a matter of dropping out, concentrated in the rest of Canada. No fewer than 37,900 people have deserted the ranks of the labor force last month. This is the worst drop since January 2009, when the recession was raging.
In Quebec, where there has been little variation in the number of persons holding or job seekers in February, the unemployment rate remained stable at 8.4%. The net addition of 200 jobs is not significant, although it should be noted a slight increase in hours worked, the first since October.
In the 15-24 age cohort, however, where the workforce has grown by 5,300 persons, the rate of job seekers jumped eight-tenths. It now stands at 15.3% in this category of workers which also focus a lot of students who work part time.
"Youth is perhaps a time of blessing, but it turns into a curse, if you looking for work," notes Emanuella Enenajor, economist at CIBC.
Young people have many reasons to feel discouraged by the poor employment prospects or the relative expensiveness of rising tuition, which blights their future.
The Canadian economy has recovered all the jobs lost by the recession. The overall labor market is expanding, which contrasts with the situation of American workers.
Among Canadians aged 15-24, the story is quite different. Of the approximately 430,000 jobs lost by the recession hit 324,500 young people, noted Francis Fong, an economist at TD. In February he was still missing 275,000 to return to pre-recession peak in this cohort. In 2008, the rate of youth unemployment was 11.6%.
If the Quebec labor market was less decimated by the recession, the youth cohort has had more than its share of misfortunes. The recession has eliminated 63,000 jobs in La Belle Province with 42,000 15-24 year olds. Over two and a half years after the start of the recovery, Quebec has 86,000 more jobs before the recession, but youth still show a deficit of 39 000 jobs.
"Several studies show that those who diplôment during a recession cashing an initial loss of income that will last for years, Fong says in a recent study entitled The lot of young workers. Unemployment that follows chips away at graduate skills and competitive advantage. Result, fewer job prospects and a lot of underemployment during the critical early years of a career.
What complicates things this time is that young people are now competing with the 55 and over, especially in the search for part-time jobs. It's as if employers prefer the long experience in the fire.
High unemployment among young people, but especially with no qualifications, is of particular concern found shortages of labor in many industries where specialized skills are required.
For several quarters, companies are investing in machinery and equipment to increase productivity and cope with a currency expected to remain strong in the short and medium term.
The results begin to appear: one for the second consecutive quarter, Canadian companies have posted good gains in productivity, this fall, with an annualized gain of 2.8%. "It's like the Canadian and American times were changing role, observes Douglas Porter, deputy chief economist at BMO Capital Markets. Canada abandoned the tandem lot of low productivity jobs, while the U.S. dropped the low job creation, higher productivity.
In February, the cohort of 15-24 years has lost 26,800 jobs, a coast to coast including 200 in Quebec, says Statistics Canada.
Over the past year, the bleeding is $ 68,700 across Canada, including 32,200 in its distinct society.
Nationally, the rate of youth unemployment rose two-tenths to 14.7%. The deterioration was contained in a stall of 25 000 young people from the workforce.
For all applicants and Canadian job seekers, however, the unemployment rate fell two-tenths to 7.4%, despite the loss of 2,800 jobs, concentrated in the services sector.
The decline in unemployment is only a matter of dropping out, concentrated in the rest of Canada. No fewer than 37,900 people have deserted the ranks of the labor force last month. This is the worst drop since January 2009, when the recession was raging.
In Quebec, where there has been little variation in the number of persons holding or job seekers in February, the unemployment rate remained stable at 8.4%. The net addition of 200 jobs is not significant, although it should be noted a slight increase in hours worked, the first since October.
In the 15-24 age cohort, however, where the workforce has grown by 5,300 persons, the rate of job seekers jumped eight-tenths. It now stands at 15.3% in this category of workers which also focus a lot of students who work part time.
"Youth is perhaps a time of blessing, but it turns into a curse, if you looking for work," notes Emanuella Enenajor, economist at CIBC.
Young people have many reasons to feel discouraged by the poor employment prospects or the relative expensiveness of rising tuition, which blights their future.
The Canadian economy has recovered all the jobs lost by the recession. The overall labor market is expanding, which contrasts with the situation of American workers.
Among Canadians aged 15-24, the story is quite different. Of the approximately 430,000 jobs lost by the recession hit 324,500 young people, noted Francis Fong, an economist at TD. In February he was still missing 275,000 to return to pre-recession peak in this cohort. In 2008, the rate of youth unemployment was 11.6%.
If the Quebec labor market was less decimated by the recession, the youth cohort has had more than its share of misfortunes. The recession has eliminated 63,000 jobs in La Belle Province with 42,000 15-24 year olds. Over two and a half years after the start of the recovery, Quebec has 86,000 more jobs before the recession, but youth still show a deficit of 39 000 jobs.
"Several studies show that those who diplôment during a recession cashing an initial loss of income that will last for years, Fong says in a recent study entitled The lot of young workers. Unemployment that follows chips away at graduate skills and competitive advantage. Result, fewer job prospects and a lot of underemployment during the critical early years of a career.
What complicates things this time is that young people are now competing with the 55 and over, especially in the search for part-time jobs. It's as if employers prefer the long experience in the fire.
High unemployment among young people, but especially with no qualifications, is of particular concern found shortages of labor in many industries where specialized skills are required.
For several quarters, companies are investing in machinery and equipment to increase productivity and cope with a currency expected to remain strong in the short and medium term.
The results begin to appear: one for the second consecutive quarter, Canadian companies have posted good gains in productivity, this fall, with an annualized gain of 2.8%. "It's like the Canadian and American times were changing role, observes Douglas Porter, deputy chief economist at BMO Capital Markets. Canada abandoned the tandem lot of low productivity jobs, while the U.S. dropped the low job creation, higher productivity.
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