Friday, February 10, 2012

Young Adult Unemployment at 64 Year High

Terry forwarded me this info, from the latest Pew Research Center report Young, Underemployed and Optimistic Coming of Age, Slowly, in a Tough Economy:

"Young adults hit hard by the recession. A plurality of the public (41%) believes young adults, rather than middle-aged or older adults, are having the toughest time in today’s economy. An analysis of government economic data suggests that this perception is correct. The recent indicators on the nation’s labor market show a decline in the unemployment rate. Nonetheless, since 2010, the share of young adults ages 18 to 24 currently employed (54%) has been its lowest since the government began collecting these data in 1948. And the gap in employment between the young and all working-age adults—roughly 15 percentage points—is the widest in recorded history. In addition, young adults employed full time have experienced a greater drop in weekly earnings (down 6%) than any other age group over the past five years." 

We've definitely been seeing this in our libraries.  What can we do to help this group?  Job training programs and resume classes don't cut it when jobs simply do not exist.  What can libraries do?

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