Canada’s Youngest Workers Are Bearing the Brunt of the Economic Slowdown

What We're Showing

This chart compares expected unemployment rates in Canada (based on how the economy is doing) with actual unemployment rates, broken down by age group. The bars show the difference in percentage points between the two. The data is from a recent report released by Desjardins.

Key Takeaways

• This recent data suggests that young people are disproportionately impacted by the current economic slowdown.
• Trade war uncertainty is part of the equation, but the report also suggests the sharp rise in Canada’s population of young, temporary residents since the pandemic could be a factor as well.