⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐
The Washington Independent
The Washington Independent

Recession Pushes Young People Out of the Labor Market

While America’s older workers are taking longer and longer to find work, spending, on average, 35 weeks between jobs, America’s youngest working generation is

Landon Morton
Last updated: Jul 31, 2020 | Mar 26, 2010

While America’s older workers are taking longer and longer to find work, spending, on average, 35 weeks between jobs, America’s youngest working generation is having trouble finding any jobs — and sometimes dropping out of the rat race completely. Tony Pugh of McClatchy reports:

Frustrated by a lean job market, nearly 1.3 million workers ages 16 to 24 have left the labor force since the recession hit in December 2007. That’s about 6 percent of them, and it’s nearly three and a half times the exodus rate of workers ages 25 to 54.With a jobless rate of 18.5 percent for 16- to 24-year-olds, some have gone back to school, some are volunteering, some are joining the military and some are just chilling at home until the economy heats up again.

In fact, the unemployment rate for 16- to 19-year-olds is currently 25 percent, and it’s even higher for African-American (42 percent) and Latino teenagers (31 percent).

Overall, labor market participation (which doesn’t include military service, college attendance or volunteer work) is down to 55 percent of 16- to 24-year-olds as compared to the pre-recession years, when 59.1 percent of people that age were working — a 7 percent decrease. In the mean time, the labor market participation of people over 55 is up by 9 percent, due to economic pressures including retirement savings losses and spousal unemployment.

Although a 60-year-old woman is likely not competing for the same jobs as a 19-year-old woman (and statistics show that older Americans have more trouble finding new jobs after losing old ones than younger people), the combined high unemployment rates and duration on either end of the work cycle add to the pressure on the government to do something to help all Americans find work.

Landon Morton | Landon is a professional character coach, motivational speaker, and consultant who values commitment, service, and excellence. Landon brings to your company valuable insights gained from his battlefield experience as a decorated combat veteran, enabling you to unleash the untapped potential of your employees. He illustrates how the invaluable talent that each individual brings to your company will positively affect your mission through real-world examples.


MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals

BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks

MA-Sen: 66 to 19

BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary

MA-Sen: A Text Message From Scott Brown

BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to

MA-Sen: Loyal Democrats Grouse About Coakley

BOSTON -- A little while after noon, a steady crowd of Democratic voters streamed into the Cathedral High School Gymnasium to cast votes for their party’s

MA-Sen: Brown Wins

BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie

MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’

Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of

MA-Sen: Out-of-Staters for Brown

BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,

Menendez, Lautenberg to Continue BP-Lockerbie Investigation

Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of

Net Investors Bullish on Palin’s Prospects for Staying on Ticket

Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.

No Experience Necessary

Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?

© Copyright 2022 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com

⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐