Consistent with its historical sensitivity to economic conditions, youth labour market outcomes deteriorated markedly between 2022 and 2025, with divergence between teenagers and young adults.
The increase in 2025 was particularly pronounced among teenagers (aged 15-19), whose unemployment rate was roughly 20 percent, reflecting challenges in part-time and student employment. Unemployment among young adults aged 20-24 was almost 11 percent, raising concerns about weaker entry-level job opportunities and potential long-term earnings effects.
