A bit of good news.
I'm going to go out on a limb here and say that the .6% lowering of youth unemployment for October is directly related to the massive cut backs in September to the number of foreign students being allowed to enter Canada. This drastic (much needed, with still even more needed) drop in foreign students gave an opportunity for the youth of Canada to be able to get access to more job openings from Canadian firms.
The Employment rate went up, which is much much needed. It needs to be back over 62.1-62.6%
Canada's unemployment rate edges down to 6.9% in October
Economy also added 67,000 jobs, beating economist expectations
The youth unemployment rate, meanwhile, fell for the first time since February as young people aged 15 to 24 gained jobs, Statistics Canada said. That rate has been on an upward trend for the better part of the last two and a half years
Unemployment rate: 6.9 per cent (7.1)
Employment rate: 60.8 per cent (60.6)
Participation rate: 65.3 per cent (65.2)
Number unemployed: 1,557,300 (1,606,500)
Number working: 21,081,900 (21,015,300)
Youth (15-24 years) unemployment rate: 14.1 per cent (14.7)
Men (25 plus) unemployment rate: 5.9 per cent (6.1)
Women (25 plus) unemployment rate: 5.5 per cent (5.6)