Canada’s youth unemployment rate spikes to 14.2% in July 2024, highest since 2012 excluding pandemic years.

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In July 2024, the youth unemployment rate in Canada for individuals aged 15 to 24 rose to 14.2%, marking the highest level since September 2012, excluding the pandemic years of 2020 and 2021. This represents an increase of 0.7 percentage points from the previous month.

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Sources:

www.cbc.ca/news/business/jobs-july-stats-can-1.7289784

www.hcamag.com/ca/specialization/diversity-inclusion/why-is-youth-unemployment-so-high-in-canada/501437

www150.statcan.gc.ca/n1/daily-quotidien/240809/dq240809a-eng.htm