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Archive for unemployment

AP: Census Data Shows Recession Takes Big Toll on Young Adults

From the article: “Young adults are the recession’s lost generation. In record numbers, they’re struggling to find work, shunning long-distance moves to live with mom and dad, delaying marriage and raising kids out of wedlock, if they’re becoming parents at all. The unemployment rate for them is the highest since World War II, and they risk living in poverty more than others – nearly 1 in 5.”

U.S. Bureau of Labor Statistics: Un/Employment Among Youth for Summer 2011

From the report: The share of young people employed in July was 48.8%, the lowest July rate … Unemployment among youth increased by 745,000 btw April and July, more than last year’s increase of 571,000