Youth Unemployment Rate in Canada increased to 29.70 percent in May from 27.20 percent in April of 2020.
Youth Unemployment Rate in Canada averaged 13.98 percent from 1976 until 2020, reaching an all time high of 29.70 percent in May of 2020 and a record low of 10.20 percent in May of 2019. This page provides - Canada Youth Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Youth Unemployment Rate - values, historical data and charts - was last updated on July of 2020. source: Statistics Canada
Youth Unemployment Rate in Canada is expected to be 30.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Canada to stand at 20.80 in 12 months time. In the long-term, the Canada Youth Unemployment Rate is projected to trend around 18.00 percent in 2021 and 11.30 percent in 2022, according to our econometric models.