7/12/2012

A lost generation of workers: Young people in Obama's Recovery

From a new report entitled: "No End in Sight?"
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. . . . The American economy is currently “missing” an estimated 2.7 million youth jobs. More young people went back to school during the recession, but this migration does not come close to accounting for the lost jobs. . . .

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