Last Updated on January 24, 2019
A new study called Accelerating Pathways, commissioned by the New York-based Citi Foundation, has found that among 35 global cities, Toronto offers the best economic environment for young people.
The study was carried out in response to an influx of young people to cities that are growing, such as Toronto.
The survey looked at areas including employment, growth statistics, strength of government programs, educational institutions and entrepreneurial opportunities for people aged 18 to 25. Rankings were based on 31 indicators, such as affordability of education, ease of opening businesses and gender gaps in wage and labour force participation.
Despite youth unemployment currently almost double the rate of the general population, Toronto placed first.
The study included several cities from various regions, including Europe, Latin America, Asia, Africa and the Middle East as well as a few cities in developed countries.
Cities such as Chicago, London and Toronto had better scores for civic engagement, while people in places like Delhi and Casablanca were more likely to start their own businesses. 75 per cent of respondents said they were optimistic about the economic future of their respective cities.
Despite ranking first overall, Toronto ranked 30th out of 35 cities in its level of optimism about economic prospects. There is still room for improvement.
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