Why are youth unemployment rates so high if COU says graduates are getting jobs?

The youth unemployment rate captures youth between the ages of 15 and 24, many of whom are still in high school. Check out the quick facts below to read about the findings of a TD Economics report released in December 2014 on youth unemployment.

Quick Facts

  • The youth unemployment rate is linked closely to the state of the economy as a whole.
  • Higher unemployment rates are concentrated among youth aged 15-16. The unemployment rate declines significantly with age, particularly for youth aged 20-24.
  • Earnings increase significantly with the level of education, and are highest for PhD candidates, second highest for Master’s graduates, and third for Bachelor’s graduates.