This presentation discusses Youth Unemployment for Canada. The presentation looks wage rates, jobs and GDP growth.

1. CANADA AND YOUTH
UNEMPLOYMENT
BY: PAUL YOUNG, CPA, CGA
NOVEMBER 1, 2016

2. AGENDA
• Youth Unemployment / OECD
• Youth Unemployment/September 2016
• Wages/Employment
• Germany Youth Unemployment

3. YOUTH UNEMPLOYMENT - OECD
Source: OECD

4. SUMMARY
• In September, employment among youths aged 15 to 24 was little changed and their unemployment rate remained at 13.2%. The
unemployment rate for this group was essentially unchanged compared with 12 months earlier. Over the same period, fewer youths
were working (-35,000 or -1.4%) and their population was down by 47,000 (-1.1%) – Source – Stats Canada

5. WAGES/JOBS
Source – Stats Canada
Source: Workopolis
Analysis
• Manufacturing / Durable Goods - $1,097 (Trades,
engineering, High School)
• Public Administration - $1,200 (College
Degree/Diploma
• Transportation - $1,007 (High school)
• Utilities - $1,767 (Skill Trade)
• Wholesale/Retail -$1,130 – (High School,
Degree/diploma

6. YOUTH EMPLOYMENT/GERMANY
• Germany's dual system trains 1.5 million people annually. Across the board, from bakers and car
mechanics to carpenters and violin-makers, about 90 percent of apprentices successfully complete their
training, German government figures show. The apprenticeships vary in length, between two and three-
and-a-half years. The average training "allowance" is 680 euros a month (approximately $900), and
about half of the apprentices stay on in the company that trained them.
Source - http://www.npr.org/2012/04/04/149927290/the-secret-to-germanys-low-youth-unemployment

7. CANADA COLLEGE GRADUATES
http://cou.on.ca/wp-content/uploads/2015/06/COU-
University-Works-Report-2015.pdf

8. REALITY / JOB MARKET
What Drives Growth?
• Retail Sales
• Consumer Spending
• Exports
• FDI
• Access to market
• Global demand
• Government Spending
• Healthcare
• Education
• Public Safety
• Retirement
• Infrastructure
How can government influence growth
• Taxation (Corporate, Payroll Consumption Taxation)
• Carbon Taxation
• Setting Hydro Rates
• Setting Regulation (environment)
• Trade and Investment Deals
Job Market
• Job Churning Market -
http://news.nationalpost.com/news/canada
/get-used-to-the-job-churn-of-short-term-
employment-and-career-changes-bill-
morneau-says

9. WHAT CAN YOU DO TO IMPROVE YOUR CAREER
CHANCES
• Select a career that has upsides in terms career opportunities
• Look at a trade
• Managed your name like a brand
• Network early and often

10. WHAT CAN GOVERNMENT DO TO REDUCE YOUTH
UNEMPLOYMENT
• Do not introduced more taxation (carbon, payroll, corporate)
• Work with businesses to help expand to new markets (Exports drive good paying jobs)
• Focus on skills development
• Focus on innovation centers (All levels of government and the private sector)
• Control hydro rates
• Re-work education system including pay grades and educational programs to align with jobs today and
tomorrow