FOR IMMEDIATE RELEASE:
May 7, 2013
New Report Calls Unemployment Rates A Crisis for Young Adults in Colorado
In Colorado, the unemployment rate is 16.5 percent for young adults ages 16 to 24
[DENVER, Colo.] – In a time of across-the-board budget cuts, dismal job prospects continue to leave young Americans unsure about their economic future. Currently, young adults face a national unemployment rate of 16.1 percent, which is over twice the national average. In Colorado, the unemployment rate for young adults is over twice the state average.
Today, Young Invincibles released a detailed analysis of unemployment for young people in Colorado. The fact sheet, GET THE FACTS About Youth Unemployment in Colorado [http://jobs.younginvincibles.org/get-the-facts-about-youth-unemployment-in-colorado/] gives an in-depth look into how economic opportunity for young adults in the state has fallen.
-Just 57 percent of young people between the ages of 18 and 24 who have jobs work full-time, down from 67 percent in 2005.
-The number of young people who have a job at all has decreased to just 57 percent.
Studies show that the inability to gain early work experience dims career prospects for a lifetime; if we do not act now, this crisis could have far-reaching economic consequences for all those living in Colorado.
Young Invincibles is leading the charge on this issue, conducting a national tour to highlight the need to push for policies that double down on workforce training and higher education and that will safeguard our country’s economic future.
For information please visit http://jobs.younginvincibles.org/
Young Invincibles is a national organization committed to amplifying the voices of young Americans, aged 18 to 34, and expanding economic opportunity for our generation. Young Invincibles ensures that young Americans are represented in today’s most pressing societal debates through cutting-edge policy research and analysis and innovative campaigns designed to educate, inform and mobilize our generation to change the status quo.