Students find summer jobs - Macleans.ca
 

Students find summer jobs

Labour Force Survey shows improved unemployment rate for students


 

Students are finding summer employment more readily this year, compared to last, according to numbers released Friday by Statistics Canada.  The Overall unemployment rate, at 7.9 per cent, is at its lowest level since January 2009. While  the May and June job numbers improved for most demographics, they are particularly encouraging for the summer student job market.

The unemployment rate for youths aged 15-24 dropped 0.5 per cent between May and June, and about one per cent over June 2009, bringing it to 14.6 per cent. When isolating students, those who were full time in March and who are planning to return to school in the fall, the unemployment rate has improved faster. For students aged 20-24, the June  unemployment rate dropped 3.7 percentage points to 10.7, over June 2009. Last year unemployment for the same group increased by 4.8 per cent over 2008, the worst since 1997. For students aged 17-19, the June 2010 unemployment rate dropped 2.1 percentage points over June 2009 to 16 per cent.

Related: Students fight for summer jobs


 

Students find summer jobs

  1. Be extremely skeptical about those figures. The unemployment rate is calculated as a percentage of the LABOUR FORCE out of work, not a percentage of the entire population. The labour force only consists of people working or actively looking for work within a given timeframe. People who have given up looking for work because of a tough market (or because school starts in two months and it’s not worth trying to find a job at this point if one hasn’t already) aren’t included at all in the unemployment calculation.

    As a result, there’s sort of a “hidden” population of so-called ‘discouraged workers’ that have been desperately looking for work but have given up and moved back home, and they do not appear in the unemployment figures.

  2. That’s why Statistics Canada doesn’t just publish the unemployment rate, but several employment related figures.

    If, for example, the labour force participation rate–which includes unemployed workers who are still slugging it out looking for work–was lower this June than last June, than that would certainly raise questions about what appears to be a positive story for students.

    However, the participation rate in June 2009 for the 15-24 demographic was 65.9 per cent, compared to June 2010 where the participation rate is 65.3. So the rate is down, but only slightly.