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.

Related Posts

The Youth Unemployment Crisis in US – Twelve ways against it from the Brookings Institution

The Great Recession was particularly devastating for America’s young workers. Nearly 6 million 16- to 24-year-olds neither have jobs nor are pursuing a degree. This disconnect  can have a “scarring effect,” which can negatively impact their long-term employment prospects and lifetime earnings.  In her new paper Elisabeth Jacobs analyzes the crisis of youth unemployment and … Continue reading

OECD / Europe’s youth is explosive issue, not deflation

“The problem is jobs, jobs, jobs,” Gurria said in an interview with Bloomberg Television from Davos, Switzerland Continue reading 

Youth Unemployment / The hardest hit by the global crisis says ILO

The world could face years of jobless economic recovery, with young people set to be hit hardest as global unemployment continues to rise this year, a report from the International Labour Organisation warns. As the World Economic Forum kicks off in the Swiss town of Davos on Wednesday with a focus on growing inequality, the … Continue reading 

Youth in US – 5.8 million young people are neither in school nor working

It makes some sense that young people might work less than their older counterparts. They are figuring out their lives, going in and out of school and making more short-term plans.  But a whopping 5.8 million young people are neither in school nor working. It is “a completely different situation than weve seen in the … Continue reading 

Youth Unemployment – Current high levels will be felt by society for decades

It is clear that youth unemployment leads to many negative outcomes in terms of both material and mental wellbeing. Here, Ronald McQuaid summarises the multiple scarring effects of youth unemployment. Current high levels of youth unemployment will therefore be felt by society for decades, making effective policy responses incredibly important.  Being unemployed when young leads to a higher likelihood … Continue reading 

Youth Unemployment Around the World

Young people aged 15-24 are a key consumer group, which have been badly hit by unemployment in most countries since the start of the global economic downturn in 2008 and the profits of many consumer goods companies have been hit as a result. Western Europe had the highest average youth unemployment rate in 2013 at … Continue reading 

Youth unemployment – Education not providing young people with appropriate skills says Pauline Rose

[Youth unemployment] main cause is that education systems are not providing young people withappropriate skills and this starts at the most basic level. Our 2012 report shows that there are 200m young people who weren’t even completing primary school. Our current report states that 175m young people can’t even read a single sentence, of those … Continue reading 


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter



%d bloggers like this: