Youth in Canada – The bigger issue is underemployment says the Broadbent Institute

As of October, 2014, the youth unemployment rate was still 12.6%, well over double the adult rate, and the youth employment rate (the proportion of the age group 15 to 24 holding any kind of a job) was 56.5%, still down a full three percentage points from 2008.

The bigger issue is underemployment. Far too many young people leaving the post secondary educational system are finding work, but in low paid and insecure jobs which fail to meet their qualifications and don’t provide a meaningful career experience. A 2012 report by Canada’s Certified General Accountants found that one in four university graduates aged 25 to 29 hold jobs which do not require a university degree.

Chosen excerpts by Job Market Monitor. Read the whole story at Corporate Canada needs to pony up to reduce youth unemployment | Broadbent Institute.