Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » Government Documents » Report – No End in Sight? The Long-Term Youth Jobs Gap And What It Means for America

Report – No End in Sight? The Long-Term Youth Jobs Gap And What It Means for America

by on

No End in Sight? The Long-Term Youth Jobs Gap And What It Means for America [via WSJ.com]

  • “The economy has hit young Americans hard over the past five years. While the national unemployment rate is 8.2 percent, the unemployment rate for 16- to 24-year-olds more than doubles to 16.5 percent. For Latino youth, that figure jumps to 20.5 percent, and for African Americans, it skyrockets to 30.2 percent – almost four
    times the national average. Not only are youth struggling to find jobs, but dismal prospects have also driven many of them from the labor force entirely. The standard unemployment rate does not count those who have given up any hope of finding work. At the moment, fewer than half of 16- to 24-year-old Americans hold any kind
    of job at all; fewer young people were working during the recession than at any time since our nation started tracking unemployment data. Given the current economic malaise, Young Invincibles decided to explore what the youth job market might look like over the next decade. This report answers the question by comparing the number of youth jobs we have now with how many we would have in a healthy economy. The new analysis estimates the size of this “youth jobs gap” and how long it will persist.”

  • Related postings on financial system
    • LinkedIn

    Sorry, comments are closed for this post.