"The only thing that stands between a man and what he wants from life is often merely the will to try it and the faith to believe that it is possible."

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Jobless Youth

Wednesday, May 26, 2010

 The Joint Economic Committee's (JEC) report found that one in five workers between the ages of 16 and 24 was unemployed in April, even as the economy showed signs of recovery, adding more than 570,000 jobs during the first four months of the year.

The youth unemployment rate of 19.6% is the highest for the age group since the government began tracking the data in 1947.

Although 16-24 year-olds make up 13% of the labor force, they represent 26% of the unemployed, according to the report. And 16 to 17 year olds fared worse, with a 29% unemployment rate.

College graduates experienced the lowest unemployment rate at 8%, compared to high school drop outs who have the highest level of unemployment at 33%.

CNN Money

Posted by Carlos Olin Montalvo at 11:24 AM  

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