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Canada continues to rank first in the G7 for the share of working-age people (aged 25 to 64) with a college or university credential

OceanBonfire

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Educational attainment is also tied to job security, and the COVID-19 pandemic cast a renewed light on this. Those with higher levels of education were better positioned to withstand the economic disruptions caused by the pandemic, due in part to being more likely to work in industries that were suited to remote work. According to the Labour Force Survey, those with a bachelor's degree or higher were less likely to feel the initial unemployment shocks in April 2020, and their employment rate recovered faster, regaining pre-pandemic levels by November 2020. The employment rates of those with lower levels of education largely did not return to pre-pandemic levels until autumn 2021. Nonetheless, many frontline workers with lower levels of education were crucial to keeping Canada running during the shutdowns in the first waves of the pandemic, as they worked in areas such as grocery stores and gas stations, as cleaners, and in health care support.

In contrast, the number of working-age apprenticeship certificate holders has stagnated or fallen in three major trades fields—construction trades (+0.6%), mechanic and repair technologies (-7.8%) and precision production (-10.0%)—as fewer young workers replace the baby boomers who are retiring.

Recent immigrants made up nearly half of the growth in the share of Canadians with a bachelor's degree or higher. However, some immigrants' talents remain underutilized, as over one-quarter of all immigrants with foreign degrees were working in jobs that require, at most, a high school diploma. This is twice as high as the overqualification rate for Canadian-born or Canadian-educated degree holders.

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PuckChaser

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I love that we have our own RSS feed of news articles that Mike didn't even have to program into the site. We might need to work on the AI though so at least there's an appearance of intelligent commentary on the article's contents and relevance.
 

Humphrey Bogart

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I love that we have our own RSS feed of news articles that Mike didn't even have to program into the site. We might need to work on the AI though so at least there's an appearance of intelligent commentary on the article's contents and relevance.
You gotta go WAAAYYY BACK to find a post where @OceanBonfire actually contributed to the discussion.
 

daftandbarmy

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Meanwhile....

What Is the Average Student Loan Debt in Canada? 19 Statistics About Student Debt​

  • More than 1.7 million Canadian students have a student loan.
  • The total value of student loan debt in Canada is over $22 billion.
  • The average national student loan interest rate is 2.5%.
  • Medical students in Canada have the highest average debt load: $84,172.
  • The average loan recipient is 24 years old and female.
  • In 2019, almost one in five insolvencies in Ontario were caused by unmanageable student loan debt.
  • 74% of students who need to borrow money take out government-sponsored loans, while around 30% - including those with multiple sources of debt - go for private loans.


 

kev994

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Meanwhile....
  • The average loan recipient is 24 years old and female.
That’s a weird statistic. The average loan recipient is female. Is that like 51% of them are female? That would be consistent with the population…
 

TacticalTea

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That’s a weird statistic. The average loan recipient is female. Is that like 51% of them are female? That would be consistent with the population…
My exact thought as well!

I thought, mathematically, the ''average'' student gender is probably closer to non-binary or something like that, somewhere in the middle of the spectrum, if a bit further on the female side. 😅
 
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