The world can be an unfriendly place if you’re a young person looking for work. As of March 2014, the seasonally unadjusted unemployment rate for 18 to 29 year olds stood at 10.9 percent – four points higher than the national average. Worse still, that number underestimates the magnitude of young adult unemployment because it only counts people who recently looked for work, not those who have stopped searching for lack of opportunity.
The Great Recession drove millions of young adults from the labor force, leaving over 6.7 million “opportunity youth” ages 16-24 neither working nor in school. Not only will the lost experience and income have serious long-term consequences for our generation, but forgone tax revenue and social safety net payments are costing every taxpayer $53 on their annual federal tax bill.
Young Invincibles will continue to amplify the voices of unemployed young people, raise public awareness about the lack of jobs, alternative pathways to success, and offer concrete solutions to address the issue. Read below for research, policy ideas, blog posts, and fact sheets related to young adult unemployment.