ERIC Number: ED585310
Record Type: Non-Journal
Publication Date: 2014-Nov-25
Pages: 67
Abstractor: ERIC
ISBN: 978-1-1002-5014-4
ISSN: ISSN-1711-831X
EISSN: N/A
Available Date: N/A
Graduating in Canada: Profile, Labour Market Outcomes and Student Debt of the Class of 2009-2010
Ferguson, Sarah Jane; Wang, Shunji
Statistics Canada
Knowledge and skills are increasingly important to innovation, productivity, economic growth and competitiveness. For Canada, a better educated population and a highly skilled workforce are vital to ensure successes in the face of growing global competition. Higher education can provide individuals with knowledge and skills needed to participate in a changing economy and society. As jobs become increasingly knowledge-intensive, having a postsecondary credential is the best route to a well-paying, quality job in Canada. Canada is among the most highly educated countries in the world, with one-quarter (25%) of those aged 25 to 64 holding a college diploma and another 27% holding a university degree. There are many benefits of attaining higher education, including higher earnings and lower unemployment rates. In Canada in 2011, adults with a college diploma or university degree earned on average 74% more than those with a high school diploma or trades certificate. In addition, during the recent economic crisis, the hardest hit were for those with less than a high school diploma. Between 2008 and 2011, the unemployment rate for this group rose by 2.6 percentage points to 11.7%. In comparison, the unemployment rate for those with a college diploma or university degree was less than half of that for those with less than a high school diploma and increased by only 0.9 percentage points to 5% in 2011. Furthermore, higher levels of education are also fundamental for social and cultural development and civic participation. Using data from the 2013 National Graduates Survey (Class of 2009-2010), this report describes the educational experiences, labour market outcomes and financing of higher education of recent Canadian postsecondary graduates. Section one describes the profile and educational pathways of graduates from college, bachelor, master and doctorate level programs. Section two focuses on labour market activity three years after graduation. Section three focuses specifically on co-op education programs. Section four presents information on the sources of financing of postsecondary education as well as debt repayment and its relation to education level and field of study. The final section provides a summary and conclusion.
Descriptors: College Graduates, Employment, Debt (Financial), Cooperative Education, Paying for College, Loan Repayment, Associate Degrees, Bachelors Degrees, Masters Degrees, Doctoral Degrees, Gender Differences, Age Differences, Education Work Relationship, Income, Student Loan Programs, Foreign Countries
Statistics Canada. 150 Tunney's Pasture Driveway, Ottawa, ON K1A 0T6, Canada. Tel: 800-307-3382; Fax: 613-951-4441; e-mail: educationstats@statcan.gc.ca; Web site: http://www.statcan.gc.ca
Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Statistics Canada
Identifiers - Location: Canada
Grant or Contract Numbers: N/A
Author Affiliations: N/A