Canada Youth Unemployment Rate  Forecast 2016-2020

Youth Unemployment Rate in Canada is expected to be 12.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Canada to stand at 13.00 in 12 months time. In the long-term, the Canada Youth Unemployment Rate is projected to trend around 11.80 percent in 2020, according to our econometric models.

Canada Youth Unemployment Rate
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Canada Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 6.3 6.5 6.6 6.7 6.6 6.7
Employed Persons 18422 18466 18521 18564 18600 18100
Unemployed Persons 1247 1370 1360 1219 1215 1340
Part Time Employment -24.3 8.3 3.99 4.44 4.46 4.46
Full Time Employment 35.1 23.07 15.7 14.07 13.09 12.33
Employment Change 10.9 22.87 20.08 18.4 17.72 16.97
Labor Force Participation Rate 65.7 66 66.2 66.3 66.3 67
Youth Unemployment Rate 11.1 12.9 12.9 13 13 11.8
Productivity 110 107 110 111 111 112
Labour Costs 115 117 118 116 117 123
Wages 24.31 24.39 24.34 24.35 24.35 25.53
Wages in Manufacturing 25.19 25.79 26 26.06 26.17 26.23
Minimum Wages 11.4 11.4 11.4 11.4 11.4 12
Population 36.44 36.9 36.9 37.3 37.3 37.9
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Living Wage Family 1778 1783 1783 1783 1783 1783
Living Wage Individual 1515 1515 1515 1515 1515 1515
Job Vacancies 387505 370814 380428 387266 385681 382733
Non Farm Payrolls 16150 16100 16300 16100 16100 16000
Employment Rate 61.6 61.4 61.4 61.3 61.3 62.2