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Number of the Day-12-27-2013

By December 27, 2013No Comments

49.6%

Share of American 16-24 year-old that will be working or looking for work in 2022, down from 66.1% in 1992, according to the Labor Department.

It has been a rough few years, to say the least, for America’s young people. The unemployment rate for 16-24 year-olds neared 20% during the recession, and remains a brutal 14.1% even after four and a half years of economic recovery. Less than half of Americans under 25 were working in November; less than a quarter were working full-time. Economists now speak openly about the prospects of a “lost generation” of American youth.

(Source: Wall Street Journal)