Youth in US / Saying ‘no’ to the worforce

A job used to be the next step after a diploma. But now, young people aren’t in any rush to start working.

Less than 78% of people aged 20 to 34 either have jobs or are looking for work, according to the Bureau of Labor Statistics. That’s down from the peak of 83% in 2000, and the lowest since the 1970s.

The biggest thing keeping young people out of work is the weak economy.

Recessions are particularly hard on the young, with last-in, first-out policies at many organizations and a preference at firms to freeze hiring before they start laying off employees, which hurts recent grads.

But there are other reasons as well — what economists call “structural changes” — that could mean a permanent shift in workplace demographics.

• Staying in school
• Living longer
• Living longer.

Chosen excerpts by Job Market Monitor. Read the whole story at 

via Why young people are saying ‘no’ to the worforce – Oct. 22, 2013.

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