#youthunemployment

MalayalisNearMe Official

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๐Ÿ‘‰Canada's unemployment rate rose to 6.6% in August, marking the highest level in over seven years, excluding the pandemic. While 22,100 jobs were added, the gains were limited to part-time positions. Analysts had anticipated a 6.5% jobless rate and 25,000 new jobs. Rising interest rates and sluggish GDP growth are driving concerns of a recession, as unemployment has increased by 1.6% since January 2023. Youth unemployment has surged, reaching its highest level in eight years. The Bank of Canada has cut rates, but further reductions may follow if economic conditions worsen.โœ… . ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐ž- ๐€๐ญ ๐š ๐ญ๐ข๐ฆ๐ž ๐š๐ง๐ ๐ฉ๐ฅ๐š๐œ๐ž ๐œ๐จ๐ง๐ฏ๐ž๐ง๐ข๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ! ๐‰๐จ๐ฆ ๐Œ๐š๐ญ๐ญ๐š๐ฆ ๐Œ๐จ๐›๐ข๐ฅ๐ž ๐Œ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐€๐๐ฏ๐ข๐ฌ๐จ๐ซ +๐Ÿ ๐Ÿ”๐Ÿ’๐Ÿ• ๐Ÿ—๐Ÿ๐ŸŽ ๐Ÿ”๐Ÿ“๐Ÿ‘๐ŸŽ ๐ฃ๐จ๐ฆ.๐ฆ๐š๐ญ๐ญ๐š๐ฆ@๐œ๐ข๐›๐œ.๐œ๐จ๐ฆ @jom_mattam . . #CanadaJobs #UnemploymentRate #EconomyUpdate #JobMarket #YouthUnemployment #BoC #InterestRates #mnm #malayalisnearmeapp #canadaupdate #canadanews

151 Views

3 months ago

MalayalisNearMe Official

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๐Ÿ‘‰Young people in Toronto are finding it challenging to secure employment as the youth unemployment rate climbs to its highest level since 2016. Christine Erhirhie, a first-year student at the University of Toronto Mississauga, shared her months-long struggle to find a summer job. Statistics Canada data for April 2024 shows a national youth unemployment rate of 12.8%, with Toronto's rate even higher at 16.8%. The city's youth unemployment rate has not been this high in April since 2014, excluding the pandemic years. Employment agency CEOs acknowledge the difficulties young people face in landing jobs.โœ… . ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐ซ๐ž๐š๐ฆ ๐ก๐จ๐ฆ๐ž ๐ฐ๐ข๐ญ๐ก ๐๐ž๐ž๐ง๐š ๐•๐š๐ซ๐ ๐ก๐ž๐ฌ๐ž, ๐Ž๐ง๐ญ๐š๐ซ๐ข๐จ'๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ. ๐‚๐š๐ฅ๐ฅ: +๐Ÿ (๐Ÿ’๐Ÿ‘๐Ÿ•) ๐Ÿ—๐Ÿ–๐Ÿ-๐ŸŽ๐Ÿ–๐ŸŽ๐Ÿ’ @neena.robin . . #YouthUnemployment #TorontoJobs #JobHunt #YouthEmploymentCrisis #TorontoYouth #JobMarket #EmploymentChallenges #mnm #malayalisnearmeapp #canadaupdate #canadanews

125 Views

6 months ago

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