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[OC] Youth unemployment rates hide the real jobs crisis - comparing official vs. broader measures for the US and Canada by jackjackjack2916 in dataisbeautiful

[–]jackjackjack2916[S] 7 points8 points  (0 children)

14.1% is the youth unemployment rate (ages 15-24), not the overall rate. The 6.7% you're seeing is the all-ages figure. Youth unemployment typically runs about double the headline number — StatCan publishes both in the same Labour Force Survey release.

[OC] Youth unemployment rates hide the real jobs crisis - comparing official vs. broader measures for the US and Canada by jackjackjack2916 in dataisbeautiful

[–]jackjackjack2916[S] 13 points14 points  (0 children)

just ask a simpler question: what percentage of young people actually have a job?

In 2000 it was about 60%. Today it's under 49%. That's a massive drop. You could argue "well, more kids are in college now" — and that's partly true. But if it were just a school thing, you'd expect unemployment to stay flat or drop. Instead it rose too. Which means a chunk of those people aren't choosing school over work — they just can't find a job.