TORONTO — A new report says the current youth unemployment rate is at levels typically only seen during recessions, even as other age groups face a more resilient labour market.

CIBC analyst Andrew Grantham says the rise in unemployment among those aged 15 to 24 has gone above and beyond what the current economic backdrop would suggest.

He says the youth jobless rate typically rises about four percentage points during periods of weakness, which is higher than the two percentage point gain among prime age workers when the economy pulls back.

But since 2022, the youth unemployment rate has risen more than average, with a 5.5 percentage point gain. That's at the same time core-aged workers have seen a lower-than-usual rise in joblessness.

Grantham suspects the rise of artificial intellige

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