HUFFINGTON POST: …In 2000, the United States had the lowest unemployment rate for 25- to 34-year-olds among countries with large, wealthy economies. By 2011, America had one of the highest youth unemployment rates compared to its peers, according to a New York Times op-ed by David Leonhardt, the paper’s Washington bureau chief.
How did the table’s turn on America’s youth? As unemployment soared during the Great Recession, young people — with and without college degrees — were forced to compete with more experienced candidates suddenly out of a job for very few openings. The result: Nearly half of the nation’s unemployed are under the age of 34, according to a report last month from public policy organization Demos…
Of those young people that are employed, many are working in jobs they’re overqualified for. More than 40 percent of those who graduated college in the last two years are working in a job that doesn’t require their degree, according to an Accenture survey cited by CNNMoney. In addition, 284,000 college graduates had minimum-wage jobs last year… (more)
