Analysis

New Report Shows Staggering Youth Unemployment Rates

NEW YORK, NY–(ENEWSPF)–April 4, 2013.  In advance of the release of this month’s job figures, national public policy center Demos today issued a new report analyzing the lasting economic effects of youth unemployment. Surveying a full year of Bureau of Labor Statistics data from 2012, Stuck: Young America’s Persistent Jobs Crisis shows that 18 to 34 year-olds make up 45% of the total share of the unemployed population and continue to face a serious jobs gap—with 4.1 million new jobs needed to return to pre-recession levels of employment. If job growth continues at 2012 levels, it will be another ten years before the country recovers to full employment. Even then, workers under 25 will face unemployment rates twice the national average.

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