No End in Sight? The Long-Term Youth Jobs Gap And What It Means for America
Young Invincibles released a new report estimating that the economy is missing 2.7 million youth jobs that would have existed had the recession never occurred. That is about the same size as the entire population of Chicago. Even under optimistic assumptions, young Americans will not make up the lost ground before 2021 and there is a real chance the youth labor market may never recover.
“Our generation has lived through the worst economic times since the Great Depression. But the scary thing is that the recession may never end for young people,” said Rory O’Sullivan, Policy Director at Young Invincibles. He continued “But this is not an acceptable option, and the challenge is solvable. We know that investments in youth initiatives like AmeriCorps can get young people back to work and back on track. We just need political leaders with the will to enact necessary solutions.”
View the whole report in the link below in PDF format. Also see ABC's coverage of the report here.