An RBC report published in January stated that while Canada’s population has been growing quickly, it’s students and new graduates driving the increase in the unemployment rate, not newcomers.
Friday’s fresh data highlighted that youth are “bearing the brunt” of the labour market downturn, RBC economist Carrie Freestone, who co-authored the report, told CBC News.
While only part of the rising unemployment rate can be explained by layoffs, there’s been a significant uptick in job cuts, an acceleration that started in March, Freestone said.
Nareshan, the Carleton graduate, said he might pursue a master’s degree to boost his resume — he suspects that, with so many layoffs across the tech sector, he could be competing with more experienced candidates who’ve recently lost their jobs.
“So I thought getting a degree in social work versus something similar like psychology or sociology, it would be a bit easier for me to find a job after graduating.”
“The reason why we have a five-year alumni policy is because we understand that sometimes it takes a while for students to get a job after they graduate,” though that sometimes depends on which industry they’re applying into, Li told CBC News.
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This is the best summary I could come up with:
An RBC report published in January stated that while Canada’s population has been growing quickly, it’s students and new graduates driving the increase in the unemployment rate, not newcomers.
Friday’s fresh data highlighted that youth are “bearing the brunt” of the labour market downturn, RBC economist Carrie Freestone, who co-authored the report, told CBC News.
While only part of the rising unemployment rate can be explained by layoffs, there’s been a significant uptick in job cuts, an acceleration that started in March, Freestone said.
Nareshan, the Carleton graduate, said he might pursue a master’s degree to boost his resume — he suspects that, with so many layoffs across the tech sector, he could be competing with more experienced candidates who’ve recently lost their jobs.
“So I thought getting a degree in social work versus something similar like psychology or sociology, it would be a bit easier for me to find a job after graduating.”
“The reason why we have a five-year alumni policy is because we understand that sometimes it takes a while for students to get a job after they graduate,” though that sometimes depends on which industry they’re applying into, Li told CBC News.
The original article contains 1,003 words, the summary contains 193 words. Saved 81%. I’m a bot and I’m open source!