CIBC report warns Canadian youth unemployment hitting recession levels
A recent report from CIBC Capital Markets indicates that young Canadians are currently experiencing the most challenging job market in decades.
A recent report from CIBC Capital Markets indicates that young Canadians are currently experiencing the most challenging job market in decades, a situation typically observed only during economic recessions.
The analysis, released Tuesday, says youth unemployment has climbed more than five percentage points since 2022, far outpacing increases among older workers. At the same time, the youth employment-to-population ratio has dropped sharply, showing fewer young people are securing work.
