Jobless? No, I’m ‘funemployed’

When the recession hit, Gaelan Love’s future changed—maybe, he says, for the better. The recent McGill University graduate had always planned to work at a bank when he completed his major in geography and minor in economics, but thanks to the recession, he’s come to the realization that it’s just not going to happen, at least not yet.

“It’s not really the right time to be going into the market,” he says. At first he spent his time doing interviews, but now he’s given up, and he’s happier for it. In fact, he says, now he just wants to have fun.

The sheer impossibility of finding a job in the middle of Canada’s worst recession in decades forced him to think, Love says. “Maybe I don’t want to grow up so fast. I mean, you can graduate and go into the working sector. But then you think: I’m 22, and I’m never going to be 22 again.”

So instead of pounding the pavement in a soul-destroying—and likely fruitless—quest for a real job, he’s decided to enjoy his summer in Montreal instead. He’s saving up money working at a Mexican bar before travelling to London in September, and then to Vietnam for internships at management consulting firms.

Love is part of a whole wave of young people who, in the face of harsh economic times, have decided they’re not jobless, they’re “funemployed.” They know they can’t get the work they’ve trained and studied for, and they could spend their time brooding over the stacks of rejection letters—but why? They’re confident that eventually things will get better, and they know it isn’t their fault.

There’s a proliferation of websites and blogs dedicated to people in Love’s situation, such usFunemployment.com—“because not everyone is lucky enough to work at a job they can’t stand”—and Stuff Unemployed People Like, a take-off on the cultish Stuff White People Like site.

The jokes aside, times are indeed rough for the recently graduated cohort. A labour force survey by Statistics Canada showed that in May alone, the unemployment rate for youth climbed to 14.9 per cent—the highest rate since 1999. Among students aged 20 to 24, participation in the labour force fell “substantially” from 2008, dropping from 75.2 to 68.6 per cent.

A recent study by Pew Research Center, a Washington think tank, reports that “Generation Next,” also known as “Generation Y” (born 1977 or later), is being squeezed harder than any other age group by the recession. A third of people aged 18 to 29 have cut down or cancelled their cellphone plans altogether. To judge by the emphasis on social networking and Twitter, that is no small sacrifice. Four in 10 say they have cut down on alcohol and cigarettes due to the recession. And one in five young adults have moved in with a friend or relative since the downturn.