The Bull Meter: Michael Ignatieff on youth unemployment
The worst level in a generation? Think again.
Here at Maclean's, we appreciate the written word. And we appreciate you, the reader. We are always looking for ways to create a better user experience for you and wanted to try out a new functionality that provides you with a reading experience in which the words and fonts take centre stage. We believe you'll appreciate the clean, white layout as you read our feature articles. But we don't want to force it on you and it's completely optional. Click "View in Clean Reading Mode" on any article if you want to try it out. Once there, you can click "Go back to regular view" at the top or bottom of the article to return to the regular layout.
"Young Canadians face other challenges – including the worst level of joblessness in a generation"
- Michael Ignatieff
April 11, 2011
Michael Ignatieff is exaggerating here. The unemployment rate among 15 to 24 year-olds has been hovering around 14.4 per cent for the first three months of this year. It’s by no means a rosy picture, but the figure is significantly down from where it stood at the peak of the recession in 2009: an annualized rate of 15.2 per cent. Even that, though, was not extraordinarily bad by historical standards: youth unemployment hit 16.3 per cent in 1997, and reached an annualized rate of 17.2 per cent during the early 1990s economic crisis. Joblessness among the young was also considerably worse during the economic downturn of the early 1980s, when it hit 19.2 per cent in 1983.
Heard something that doesn’t sound quite right? Send quotes from the campaign trail to macbullmeter@gmail.com and we’ll tell you just how much bull they contain.
Sources:
Statistics Canada: The Daily, Feb. 4, 2011
Statistics Canada: The Daily, Mar. 11, 2011
Statistics Canada: Labour Force Survey (March 2011)