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Why student unemployment is rising and what it could signal about a looming recession

CANADA, JUL 13 – Student unemployment reached 17.4% in June, the highest since 2009 excluding the pandemic, with job cuts in government and tech sectors impacting opportunities, economists say.

  • Youth unemployment rates and job struggles for recent graduates have risen significantly in 2025 across Canada and the US, with student unemployment near 6%.
  • This rise stems from cautious employer hiring amid economic uncertainty, U.S. tariffs impacting industries, and cutbacks in junior positions during a broader job market slowdown.
  • Examples include a Gen Z job-seeker waitressing after six months without success and another using unconventional methods securing interviews, showing fierce competition.
  • More than 58% of recent graduates still seek their first job, while unemployment among young Canadians aged 15 to 24 hit 17.4%, the highest June rate since 2009.
  • Experts warn that these trends may signal a potential recession, while advising graduates to build resilience and view early career challenges as part of long-term growth.
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(Sejong=Yonhap News) Reporter Ahn Chae-won and Song Jeong-eun = The economic downturn has hit the youth hard. As young people are having difficulties in both employment and starting a business, the vitality of future generations is fading...

·Korea, Republic of
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CTV News broke the news in Canada on Sunday, July 13, 2025.
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