Canadian Job Market: Bad News from Mark Carney: Canada’s job market is so weak that candidates don’t get quotes even after sending 50 applications

Young Canadian workers have been facing the worst job market for decades, and for most people, that means submitting dozens of resumes and listening to them from no one’s heart.

Multiple applications, zero work offers

Emmersen Lashley, a 19-year-old political science major at Queen’s University, has sent more than 90 applications over the past two summers, and last summer, there were 50 applications this year and 40 applications this year, according to the Global and Mail. She looked at her industry, applied for cinemas, grocery stores, and anything that might offer regular salaries, but has not yet made any offer.
“I need to start saving, but I can’t start because I can’t find a job,” she said. Lack of income not only delays short-term goals like summer savings, but also causes her to worry about her long-term goals, such as building a safe career after graduation, home ownership, and other things she plans to do.
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Young Canadian workers face the worst job market in two decades

Lashley is not the only Canadian young people have a hard time finding their place in the job market. According to Canadian statistics that Canada does analyze, the unemployment rate for senior graduates under the age of 25 recently reached 11.2% in the first quarter of 2025, according to the Global and Post. The report said it was the worst unemployment rate for the age group over 20 years, except for the pandemic year.

Economic headwind hits young people

Brendon Bernard is indeed a senior Canadian economist, attributed high unemployment rates to economic headwinds, including Canada-U.S. trade tensions have made it difficult for young people to find jobs according to reports. Bernard also noted that graduation into a weak economy could have long-term consequences and could slow early career momentum and income growth. Billionaire in the chatbot Grok ballistics he created, Fuels guesses internal chaos of X and XAI

Long-term financial losses

Desmond Nwaerondu, a certified financial planner at Sun Life, stressed: “The time of the workforce will be crucial in how much it saves, otherwise they will have to save more time in the next few years to reach the same retirement goal if they start the same retirement goal now”.

FAQ

What are the long-term risks of not working now?
Missing work experience, savings and restoring construction can delay career growth and financial goals such as home ownership.

Can this delay retirement savings?
Yes. If you missed savings in your 20s, you need to save more time later to make up for the lost time.