The unemployment rate for youth aged 15-24 years is about 10 percentage points higher than for workers aged 25 and over (as of March 2013) . During the recession, youth unemployment rose to historic levels. Source: Statistics Canada, Labour Force Survey, seasonally adjusted.
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The unemployment rate for youth aged 15-24 years is about 10 percentage points higher than for workers aged 25 and over (as of March 2013).
During the recession, youth unemployment rose to historic levels.
Education was found to be the single most important factor for labour market success.
But a market mismatch — “jobs without people and people without jobs” — requires new models that support experiential learning and entrepreneurship, while developing market-ready skills.
Data indicate higher levels of unemployment for youth from the following communities: Aboriginal peoples, new immigrants, visible minorities, people with disabilities, and rural and Northern populations.
Youth from vulnerable communities need more opportunities for training, work placements and mentorship.
Source: *Statistics Canada, Labour Force Survey, National Average, 2012 ** Statistics Canada, 2006 Census, *** Statistics Canada, 2006 Participation and Activity Limitation Survey, National Average
WHAT?A comprehensive strategy that would invest $295 million over two years to help connect youth with good jobs.
HOW?Four core programs would create new job opportunities for about 30,000 youth, while promoting innovation and entrepreneurship.
WHAT?$195 million to create new job opportunities for youth across Ontario.
HOW?Help employers tap youth talent by offering them incentives to hire and train promising young people, with a focus on communities that face the most unemployment.
WHAT?$45 million to encourage the next generation of entrepreneurs through mentorship, startup capital and outreach.
HOW?Targeted investments to enable mentorship programs, seed-stage capital, and high school outreach.
WHAT?$30 million to boost youth-led industrial research, development and commercialization.
HOW?Leverage industry to support post-doctoral fellows, research teams and commercialization initiatives. Support on-campus accelerator centres toturn more students into entrepreneurs.
WHAT?$25 million to bring together business, labour, educators and youth to address skills gaps and training
HOW?Identify skills gaps and develop market-based training programs in collaboration with business, labour and educators.