Employer demand for youth labour has fallen
Employer demand for the Summer time Jobs Program is decrease this 12 months than in earlier years, information offered by ESDC reveals.
The division obtained 44,821 requests from companies for funding to help 225,766 jobs through the software interval late final 12 months. That’s roughly 2,000 fewer purposes and nearly 9,000 fewer jobs than in every of the earlier two years.
Bernard stated youth unemployment is larger at present than in 2019, the final time Canada’s emptiness charge was roughly this low.
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That implies there’s extra slack increase within the youthful finish of the labour pool, he stated.
“One thing has hit the youth labour market otherwise than the labour marketplace for older staff,” Bernard stated.
One clarification might be latest inhabitants development traits that noticed a surge in principally youthful staff coming into Canada over the previous few years, he stated.
However Bernard additionally stated a scarcity of mobility amongst older Canadian staff is making a “visitors jam” within the labour market.
“One other potential issue that has impacted youth employment just lately is simply how gradual job-switching has been,” he stated.