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Canada ranked #4 country in the world for working millennials

The Working Millennial Index measures the best countries for young people around the world to live and work, and Canada placed in the top five.

 Photo: Canadian Rockies / ShutterstockPhoto: Canadian Rockies / Shutterstock

The Working Millennial Index ranks the best countries for young people around the world to live and work, and Canada placed in the top five.

Created by Silver Swan Recruitment, the index measures the best destinations worldwide for young people to live and work by looking at: unemployment rates, average salary, start-up successes, rent costs, entertainment, and millennials pick.

Germany took the top spot, with report authors highlighting the country's, "impressive average salary of £2014.26 and an average rent cost of just £643.66." As such, young people were left with approximately £1,370 a month, before tax, as spending money.

New Zealand came in second, and was noted for it's ease of business. Specifically, the report mentions that it is a great place for those looking to start their own businesses. Australia came third, and was "the number one country in the world where millennials said they would live."

According to the World Bank, the global labour force has grown by over 200 million people over the last few years. In 2016, the millennial group became the age demographic with the largest share of the labour force in the USA.

The Working Millennial Index

  1. Germany
  2. New Zealand
  3. Australia
  4. Canada
  5. Sweden
  6. Thailand
  7. Hungary
  8. Netherlands
  9. United States of America
  10. United Kingdom

Silver Swan Recruitment established an overall score by scoring each country out of 5 across the elements and totalling this together, allowing for a highest available total score of 30. Further, average salary was first assigned a ranking which was then scored out of 5, in order to balance out the differences in currencies.