Rising Unemployment Further Proves Need for National Jobs Strategy
October 10, 2012, 2:10 PM EST
Canada's economy is failing to churn out enough new jobs to keep pace with the rate of job loss and unrelenting joblessness, said CAW National President Ken Lewenza.
Responding to September's unemployment figures, released on October 5 which saw an increase in the unemployment rate from 7.3 to 7.4 per cent nationally, Lewenza called the figures worrisome and further proof of need for a long term strategy.
Lewenza raised particular concern about the bump in youth unemployment up to 15 per cent, chronically high since before the beginning of the recession in 2008, currently double the national average. "Young workers will be most impacted by the lack of meaningful economic recovery, now and through-out their entire lifetime," said Lewenza.
These figures were released by Statistics Canada only days before the World Day for Decent Work on October 7. The International Trade Union Confederation estimates 75 million young people are without a job today and millions more trapped in precarious employment situations. During the global financial meltdown, 40 per cent of all laid off workers were between the ages of 15 and 24.
"What's even worse, for those coming out of college or university, they're being saddled with high levels of debt, with few meaningful job prospects," said Lewenza. He said that the government must take action to remedy youth unemployment and ensure the creation of meaningful employment prospects for Canada's young workers.
To read the CAW's statement on the World Day for Decent Work, please visit: http://www.caw.ca/en/11591.htm