B.C. Students Searching for Summer Job Face Toughest Market ‘in Years’
7 Articles
7 Articles
Recent graduates facing 'deteriorated' labor market as unemployment reaches highest level in years
Recent college graduates are aggressively hunting for their first job, but they are facing one significant problem: the labor market is deteriorating. Economic research from the Federal Reserve Bank of New York indicated the labor market "deteriorated noticeably" in the first quarter of 2025, with those just entering the workforce taking the hardest hits. The Labor Department reported that employers added 139,000 jobs in May while unemployment h…
Unemployment Across Canada at a Staggering High — Coastal Front
Last month, Statistics Canada released its Labour Force Survey, revealing a troubling trend in the Canadian job market. As of May, the national unemployment rate has climbed to seven percent—the highest level since 2016. Particularly concerning is the outlook for British Columbia, where youth unemployment stands out as the most severe among the statistics.Even more concerning, 47 percent of people unemployed in May 2025 had not worked in the pri…
A Solution for Youth Employment and Trades Shortages - Victoria Residential Builders Association
A recent Labour Force Survey revealed the unemployment rate for youth aged 15 to 24 at 14.1% is more than double the 6.9% for Canada’s overall labour force. Meanwhile, skilled trades shortages continue to grow as baby boomers retire and demand for new housing increases. Labour market studies predict 83,000 job openings in the skilled trades by 2032. There are vast numbers of students pursuing university degrees majoring in the humanities and sci…
Why young graduates are facing an employment crisis
Though the national unemployment rate is holding near 4%, the job market has turned especially grim for young people, The Wall Street Journal reports. New college graduates ages 20–24 face a 6.6% unemployment rate—among the highest in a decade outside the pandemic. For graduates ages 22–27, it averaged 5.8% in early 2025, the widest gap between young and overall jobless rates in 35 years, according to the New York Fed. The root cause: Businesse…
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