Maritime university grads face bigger challenges, APEC says
New report on labour market finds higher unemployoment rates, lower wages, and higher debt in region
A new report by the Atlantic Provinces Economic Council has found university graduates in the Maritimes have higher unemployment rates, lower wages and higher student loan debt compared to graduates in other parts of the country.
Beale says while there are good opportunities and wages for graduates of professional programs or applied sciences, there is a significant gap for others.
"So I think it says something about, you know, how do we structure our education programs in the humanities and social sciences to make sure that those individuals who are taking those will also have better employment prospects because at the moment, we’re releasing young people into the labour market without much thought of what kind of jobs they’re going to get in the future," she said.
The business community should also be more willing to hire young workers and invest in them so they are more likely to stay, said Beale.
APEC is an independent, not for profit research and public policy organization set up to advance economic development in the region.