As a result of the COVID-19 pandemic, unemployment rates for young Canadians increased by about 6 percentage points from 2019 to 2020, roughly twice the increase observed among older Canadians. By 2020, the unemployment rates of young men and young women aged 15 to 30 and not in school full-time stood at 15.5% and 13.7% respectively. These relatively high unemployment rates suggest that young high school and postsecondary graduates who entered the labour market in 2020 or who will do so in 2021 might see lower earnings in the years following graduation than they would have in a more dynamic labour market.