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The lowest level of national unemployment came in 1947 with a 2.2% unemployment rate, a result of the smaller pool of available workers caused by casualties from the Second World War. The highest level of unemployment throughout Canada was set in December 1982, when the early 1980s recession resulted in 13.1% of the adult population being out ...
Graduate unemployment, or educated unemployment, is unemployment among people with an academic degree.. Aggravating factors for unemployment are the rapidly increasing quantity of international graduates competing for an inadequate number of suitable jobs, schools not keeping their curriculums relevant to the job market, the growing pressure on schools to increase access to education (which ...
The average post-secondary graduate carries $28,000 in student debt in Canada. [29] The unemployment rate for Canadian young people is about double that of the rest of the population. [30] In Ontario, the rate of unemployment for those between the ages of 15–24 hovers around 13%. In 2012, the percentage of youth in Ontario who actually had a ...
The two biggest countries in North America -- US and Canada -- are similar in many ways. But how do they compare when looking at the average salary? Read Next: The Average Retirement Age in 2024:...
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax. In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies. In some countries, social security ...
In September 2018 approximately 452,900 people were deemed unemployed in Ontario. With an Unemployment rate of roughly 5.9% Ontario is even with the Canada's overall unemployment level. The Unemployment rate is quite stable from month to month with an approximate 0.2% fluctuation. Since 2013 Ontario's Unemployment rate has dropped 2.0%.
From November 2017 through October 2018, Canada's unemployment ranged from 5.8% to 6.0%. [34] In Canada in October 2018, 11,200 new full-time jobs were added, lowering the unemployment rate to 5.8%—a "40-year low, underpinning expectations that the Bank of Canada would keep raising interest rates". [13]
Beveridge curve of vacancy rate and unemployment rate data from the United States Bureau of Labor Statistics. A Beveridge curve, or UV curve, is a graphical representation of the relationship between unemployment and the job vacancy rate, the number of unfilled jobs expressed as a proportion of the labour force. It typically has vacancies on ...