05/19/2010

Young People's Recession

We are experiencing "a depression for young workers,"  reports The Nation (November 4, 2009). The magazine reports that young people have been disproportionately impacted by the 2009-2010 economic downturn.  For example, in September 2009 18% of people 16 to 24 were unemployed — nearly twice the national average for that month. The magazine continued...

"Break it down by ethnicity, and the numbers are even more dismal:  African American teens (ages 16 to 19) have a staggering unemployment rate of 41.7 percent, compared with 23.3 percent for white teens; young Latinos, 29.5 percent.  In the next age bracket, ages 20 to 24, about 27 percent of African Americans are unemployed, more than twice the rate for their white peers (13.1 percent)."

The article went on to observe that young people could suffer the consequences deep into their individual and collective futures.  "Lack of work experience now could mean lower salaries and harder won jobs down the line."

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