FOR IMMEDIATE RELEASE:
May 14, 2013
New Report Calls Unemployment Rates A Crisis for Young Adults in Arkansas
In Arkansas, the unemployment rate is 17.7 percent for young adults ages 16 to 24
[LITTLE ROCK, Ark.] – 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 Arkansas, the unemployment rate for young adults is more than twice the state average.
Today, Young Invincibles released a detailed analysis of unemployment for young people in Arkansas. The fact sheet, GET THE FACTS About Youth Unemployment in Arkansas [http://jobs.younginvincibles.org/get-the-facts-about-youth-unemployment-in-arkansas/] gives an in-depth look into how economic opportunity for young adults in the state has fallen.
Since 2005, the median annual wage for Arkansas’s young adults ages 25 to 34 has only risen by $125. However, Arkansas is doing better than some states, with at least a small rise in the percentage of younger adults ages 18 to 24 who actually have a job, and an increase in the proportion of full-time vs part-time workers.
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 Arkansas.
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.