Young Adult Unemployment Picture May 2012

Young Adult Unemployment Picture May 2012

The May employment numbers from the Bureau of Labor Statistics offer the third month of disappointing news for labor markets after a perceived mid-winter rally.  At an unemployment rate of 8.2 percent, the economy is not much better off now than when the year began.  In the months since January, young adults who had already endured the worst effects of the recession managed to close the gap with their older counterparts, bringing their unemployment rates into closer alignment with the economy overall while maintaining fairly steady labor force participation.  But the gains have been slow, eked out over years and starting from a point of disadvantage having never fully recovered from the recession of 2001.  For younger workers another month of stagnation represents one more impediment to parity in the labor market or the beginning of economically viable working lives.  

Continue reading Catherine Ruetschlin's analysis of the young adult employment picture >>>