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The Class of 2011: Young Workers Face a Dire Labor Market without a Safety Net. EPI Briefing Paper #306

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Title: The Class of 2011: Young Workers Face a Dire Labor Market without a Safety Net. EPI Briefing Paper #306
Language: English
Authors: Shierholz, Heidi, Edwards, Kathryn Anne, Economic Policy Institute
Source: Economic Policy Institute. 2011.
Availability: Economic Policy Institute. 1333 H Street NW Suite 300 East Tower, Washington, DC 20005. Tel: 202-775-8810; Fax: 202-775-0819; e-mail: publications@epi.org. Web site: http://www.epi.org
Peer Reviewed: N
Physical Description: PDF
Page Count: 15
Publication Date: 2011
Document Type: Reports - Evaluative
Education Level: High Schools
Higher Education
Descriptors: College Graduates, Employment Patterns, Public Policy, Labor Market, Unemployment, High School Graduates, Labor Economics, Labor Supply, Employment Opportunities, Employment Potential, Employment Problems, Employment Projections, Economic Climate, Economic Factors, Economic Impact, Economic Opportunities, Economic Progress, Young Adults, Youth Opportunities, Youth Problems, Youth Employment, Job Development
Abstract: The Great Recession left a crater in the labor market that has been devastating for unemployed Americans of all ages. After more than two years of unemployment at well over 8%, there is a hole of more than 11 million jobs, with average spells of unemployment lasting nearly nine months. The weak labor market has been particularly tough on young workers. In 2010, the unemployment rate for workers age 16-24 was 18.4%--the worst on record in the 60 years that this data has been tracked. Though the labor market has started to "slowly" recover, the prospects for young high school and college graduates remain grim. This briefing paper examines the dire labor market confronting young workers and concludes with ways that government policy could help. (Contains 11 figures and 2 endnotes.)
Abstractor: ERIC
Number of References: 5
Entry Date: 2012
Accession Number: ED537324
Database: ERIC
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  Data: Economic Policy Institute. 1333 H Street NW Suite 300 East Tower, Washington, DC 20005. Tel: 202-775-8810; Fax: 202-775-0819; e-mail: publications@epi.org. Web site: http://www.epi.org
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  Data: The Great Recession left a crater in the labor market that has been devastating for unemployed Americans of all ages. After more than two years of unemployment at well over 8%, there is a hole of more than 11 million jobs, with average spells of unemployment lasting nearly nine months. The weak labor market has been particularly tough on young workers. In 2010, the unemployment rate for workers age 16-24 was 18.4%--the worst on record in the 60 years that this data has been tracked. Though the labor market has started to "slowly" recover, the prospects for young high school and college graduates remain grim. This briefing paper examines the dire labor market confronting young workers and concludes with ways that government policy could help. (Contains 11 figures and 2 endnotes.)
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      – Text: English
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      – SubjectFull: College Graduates
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