from In These Times:
The New ‘Lost Generation’: Young WorkersFriday
April 9
6:14 pm
By Art Levine
A devastating new report, "The Kids Aren't All Right," released by the Economic Policy Institute on Wednesday underscores the plight facing young workers—and how little is being done to address the long-term damage this recession has inflicted on a generation of workers.
The official unemployment rate for young workers ages 16 to 24—who make up over a quarter of all the unemployed—peaked, officially, at 19.2% in September and is still hovering near 19%. That's roughly twice the unemployment rate for all workers. And those figures don't count those who've given up or who are under-employed.
Indeed, as AFL-CIO Secretary-Treasurer Liz Shuler pointed out at a forum this week on labor (via the AFL-CIO Now blog), "Young people are disenfranchised. They graduate and they have no jobs, let alone jobs with benefits."
The numbers are even grimmer for young minority workers. As EPI noted: "The disparities between the unemployment rates of white, black, and Hispanic young workers are also stark. Black 16-24 year-old workers had the highest rate, starting 2010 at 32.5%, followed by Hispanics (24.2%), and then whites (15.2%)." The numbers are darker for teenagers (16 to 19) who aren't enrolled full-time in school:
Teenagers as a whole attained the highest unemployment rate on record (since 1948), peaking in October 2009 at 27.6%, and within that, record highs for whites (25.1%) and Hispanics (37.2%). In fact, the only group that did not experience record highs was black teenage workers, but with a peak unemployment rate of 49.8%, this is hardly an accomplishment.
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The complete piece is at:
http://www.inthesetimes.com/working/entry/5815/the_new_lost_generation_young_workers/