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In recent years, the employment rate among students seeking jobs before returning to full-time studies has significantly declined. This year, it plummeted to 46.8%, Canada’s lowest rate since June 1998. In stark contrast, June 2022 recorded a high employment rate of 53.7%, marking the highest rate ever observed in the country. This shift highlights the growing challenges students face in securing summer employment. The unemployment rate among students looking for jobs before resuming their full-time studies reached 15.9%, a 3.8% increase from June of last year.
One of the strongest indicators of rising unemployment is the difficulty young people face in finding job opportunities. The summer job market has become increasingly challenging for many students.
Here are insights from economic analysts and the president of the student union regarding student unemployment. Brendon Bernard, an economist at Indeed Canada, remarked, “I think in general, when we look at the ups and downs of the job market, youth are the most sensitive.” He added that during strong job markets, youth benefit, but during downturns, they are the first to be affected. “Whenever we see a deterioration in job numbers, it’s youth aged 15 to 24 who are most affected by this decline.”
Christian Kyle, president of the student union at the University of British Columbia, highlighted the growing importance of securing a summer job, noting, “It’s more important than ever to have a summer job, given the cost of housing in Vancouver, the cost of living, food, and everything.” He described the situation as a complex issue, making it increasingly difficult for students to find employment opportunities to cover the costs of living and education.
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