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

📆 2024/08/09 16:38:00
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Of 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.

OTTAWA — 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.

"For the second straight month, Canadian employment was essentially unchanged, disappointing expectations for a modest 25,000 gain," wrote TD senior economist Leslie Preston in a client note. Statistics Canada says that’s the lowest employment rate for returning students since July 1997, outside of July 2020 during the COVID-19 pandemic.

The increase in unemployment is particularly 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.

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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.
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