Monday, May 27, 2013

The Depression Persists: Many young adults out of work and out of school


An economic snapshot provided by the Economic Policy Institute highlights the fact due to weak a job market as a result of the Great Recession and its aftermath, labor force participation of people under age 25 has dropped substantially over the last five years—much more than would be expected given their long-run trend. There are likely more than a million workers under the age of 25 who are not in the labor force today who would be if adequately paid job opportunities were prevalent (see here for more details, and also here).

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