Youth employment continues to decline

March 9, 2012

Employment among 15- to 24-year-olds fell for the fifth month in a row, down 27,000 last month, and their unemployment rate was 14.7%, reports Statistics Canada. Compared to February 2011, youth employment was down by 69,000 (-2.8%). With fewer young people participating in the labour market, their participation rate last month was 63.3%, down from the most recent peak of 68.1% recorded in September 2008. 15- to 24-year-olds in Newfoundland and Labrador made the most gains in February with a 2.0 percentage point increase in their employment rate, while Saskatchewan recorded the highest youth employment rate, which sits at 64.3%. Statistics Canada | Labour Force Survey