Sunday, May 6, 2012

Unemployment among the young

This recession has been particularly unkind to the young seeking employment.  As EPI demonstrates (see here).  Click on graph to enlarge.

Unemployment and underemployment rates of young graduates have only modestly improved since their peak in 2010.
  • For young high school graduates, the unemployment rate was 32.7 percent in 2010 and 31.1 percent over the last year (April 2011–March 2012), while the underemployment rate was 55.9 percent in 2010 and 54.0 percent over the last year.
  • For young college graduates, the unemployment rate was 10.4 percent in 2010 and 9.4 percent over the last year, while the underemployment rate was 19.8 percent in 2010 and 19.1 percent over the last year.

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