Quote:
Originally Posted by opendoor
Yeah, the data backs that up. In the 1990s, the monthly youth unemployment rate was higher than it currently is in about 90% of the months. And in the longer term, the current youth unemployment rate is below the 40 and 50 year averages.
It was quite low (9-11%) in the few years pre-COVID and for a year or so during the COVID recovery, but those were very abnormal historically. In the last 50 years there have been 61 months with a sub-11% youth unemployment rate, and 47 of them happened in those two short periods. So right now might represent a change from those short periods a few years ago, but youth unemployment was definitely higher for most of the '80s, '90s, and '00s.
|
Not sure what data you are looking at, but the Alberta Youth Unemployment rate is at a record high, outside of COVID, at 17.2%.
Source:
https://economicdashboard.alberta.ca...ployment-rate/
