FOR IMMEDIATE RELEASE:
April 23, 2013
New Report Calls Unemployment Rates A Crisis for Young People in New Mexico
In New Mexico, the unemployment rate for young adults is 12.4 percent for people ages 16 to 24
[SANTA FE, N.M.] – 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 16.2 percent, which is over twice the national average. In New Mexico, the outlook is bleak: the average young adult in New Mexico ages 25 to 34 makes over $4,000 less today than in 2005.
Today Young Invincibles released a comprehensive analysis of unemployment for young people in New Mexico. The fact sheet, GET THE FACTS About Youth Unemployment in New Mexico [ http://jobs.younginvincibles.org/get-the-facts-about-youth-unemployment-in-new-mexico/] gives an in-depth look into how economic opportunity for young adults in the state has fallen and illustrates:
-The unemployment rate for young adults in New Mexico is nearly twice the state average.
-With a severe drop-off in full-time work, nearly half of workers ages 18 to 24 in the state are only employed part-time.
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 people in New Mexico.
Young Invincibles is leading the charge to solve this issue by conducting a national tour to highlight the need to continue to push for policies that double down on workforce training and higher education 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.