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Youth Unemployment in Alberta: Part II

Youth Unemployment in Alberta: Part II

Posted on: 9/11/2018 | Author: ATB Financial's Economics + Research Team

​​After examining the unemployment rate for young people in Alberta compared to older workers in yesterday's Owl. Today, we're looking at how young job seekers (aged 15 to 24) in Alberta compare to those in other provinces.

The graph below illustrates youth unemployment in Alberta compared to the national average, along with rates in Saskatchewan and Ontario. Five years ago, during the strong economic boom, Alberta and Saskatchewan had the lowest rates in the country — both around seven per cent. That compared with rates of 14 per cent nationally and a whopping 16.5 per cent in Ontario.

In the latest snapshot of the jobs market, Alberta’s youth unemployment rates are above the national average—11.8 per cent in Alberta compared to Canada’s rate of 10.9 per cent. Ontario’s strong economy has pushed unemployment rates for young people (10.4 per cent) to slightly below rates in Alberta. Interestingly, rates in both Alberta and Ontario have fallen in recent years, despite the hikes in minimum wages in both provinces.

Youth in Saskatchewan continue to struggle with elevated jobless rates. The youth unemployment rate in that province jumped from 6.5 per cent to 13.5 per cent over the last five years—and rates in that province have yet to show much improvement.

Youth unemployment rates, graph​​​​

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