Missing In Action: Additional Young Workers Who Would Be In The Labor Market, Based on 2007 Rates
In 2007, the average labor force participation rate for 20 to 24-year-olds was 74.5 percent and for 25 to 34-year-olds it was 83.3 percent. If those rates still characterized the young adult population we would have more than a million additional workers in the market. That is a huge loss of potential output from the squandered resources of our nation’s bright and capable workforce. Getting young adults back into the labor market, and absorbing them in productive activity, is essential for a real recovery.
Continue reading Young Adult Employment Report for October 2012