Students, recent immigrants hit hard by weakening job market, StatCan data suggests

OTTAWA — Students who have been hunting for a summer job and recent immigrants looking for work have felt the brunt of the country's weakening labour market, Statistics Canada's latest employment report shows.

Amidst historically high interest rates, the unemployment rate has climbed 0.9 percentage points over the last year and job vacancies have plummeted. The slowdown in the Canadian job market has also been particularly felt by recent immigrants, as their unemployment rate has climbed 3.1 percentage points on an annual basis to 12.6 per cent in July.

The increase in unemployment is especially stark for recent immigrant youth, who face a jobless rate of 22.8 per cent. That’s up 8.6 percentage points from a year ago.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Students, recent immigrants hit hard by weakening job market, StatCan data suggestsOTTAWA — Students are facing a particularly challenging summer job market while recent immigrants are disproportionately affected by weakening labour market conditions in the country, Statistics Canada’s latest employment figures show.
Källa: SooToday - 🏆 8. / 85 Läs mer »

Students, recent immigrants hit hard by weakening job market, StatCan data suggestsOf the students between the ages of 15 and 24 returning to school in the fall, 51.3 per cent of them were employed last month, down a staggering 6.8 percentage points from a year ago.
Källa: timescolonist - 🏆 15. / 75 Läs mer »

StatCan to release July jobs report as economists expect more labour market weaknessOTTAWA — Statistics Canada is set to release its July labour force survey today.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »