A Closer Look

Youth in US – Worse than in 1980s for job and pay

Young people of all races and ethnicities were not employed in 2013 at the rate they were a generation ago, according to data reported today by the National Center for Education Statistics, a division of the Education Department. Americans aged 20 to 24 who did have jobs were paid $4,800 less in 2012 than they were in 1980, when adjusted for inflation.

“We continue to have a job skills mismatch—that we’re not training young people with the knowledge, abilities, or even credentials they need to enter the labor market,” said Jennifer Brown Lerner of the American Youth Policy Forum, an education policy nonprofit, in a CSPAN interview today.

Seventy-one percent of people aged 20 to 24 participated in the labor force in 2013, down from 77 percent in 1980. Those who had a job earned about $17,500 per year in 2012, compared with an inflation-adjusted $22,300 in 1980.

Chosen excerpts by Job Market Monitor. Read the whole story at Job Prospects and Wages for Young People Are Worse Than the in 1980s – Businessweek.

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