Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Report on Business

Economy Lab

Delving into the forces that shape our living standards
Best Business Blog, EPPY awards, 2011 and 2012

Entry archive:

Economy Lab has moved

Only Globe Unlimited members will now have access to a wide range of insightful commentary
and analysis on the economy and markets previously offered on this page.


Globe Unlimited subscribers will be able to read these columns,
written by some of Canada’s most deeply respected economists,
such as Christopher Ragan, Sheryl King, Andrew Jackson, and Clement Gignac,
as part of our ROB INSIGHT section.


All of our readers will still be able to browse the Economy Lab archives and read our
broader coverage of economic data and news by accessing their 10 free articles a month.


Learn more about Globe Unlimited and how to subscribe.

People pore over jobs listings at a jobs centre in Toronto. (Fred Lum/The Globe and Mail)
People pore over jobs listings at a jobs centre in Toronto. (Fred Lum/The Globe and Mail)

Upturn in youth jobs picture seems more than a blip Add to ...

For months on end, the jobs picture among Canadian youth has been either little improved or deteriorating.

That shifted Friday, with a report showing 16,300 new jobs were added for the 15-to-24-year-old crowd last month. That was sufficient to bring their unemployment rate down to 14 per cent from 14.7 per cent in October.

More Related to this Story

Employment levels have risen for all age categories except for youth in the past year, where they are still below year-ago levels (despite last month’s gains). But while one month does not make a trend, it is still a welcome change to see any improvement at all.

At 14 per cent, “the unemployment rate for youth is now on par with where it was in early spring, a significant improvement from the high of 15 per cent it reached in September,” noted economists at the Conference Board of Canada.

Given that holiday season is beckoning, it would be easy to assume these are all low-paying mall jobs.

That’s not the case, according to Statistics Canada. While the numbers by age group aren’t seasonally adjusted, the agency used alternative measures to look at where the jobs were.

It finds most positions were in the goods sector, with a mix of permanent and temp employment. And they were all in full time.

It will take a few more months to know if this signals a real turning point, or was just a one-month blip.

As for which group is faring the best – once again, it’s older women. Employment levels among women over the age of 55 have climbed 6.8 per cent in the past year, the biggest percentage gain of all demographic groups.

Follow on Twitter: @taviagrant

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories