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ERIC Number: ED537324
Record Type: Non-Journal
Publication Date: 2011-Apr-20
Pages: 15
Abstractor: ERIC
Reference Count: 5
ISBN: N/A
ISSN: N/A
The Class of 2011: Young Workers Face a Dire Labor Market without a Safety Net. EPI Briefing Paper #306
Shierholz, Heidi; Edwards, Kathryn Anne
Economic Policy Institute
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.)
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
Publication Type: Reports - Evaluative
Education Level: High Schools; Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Economic Policy Institute