FOR IMMEDIATE RELEASE:
April 17, 2013
New Report Calls Unemployment Rates A Crisis for Young Vermonters
In Vermont, the unemployment rate for young adults is 13.6 percent—nearly double the state average
[MONTPELIER, Vt.] – 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 twice the national average. In Vermont, the outlook is particularly bleak, as young adults ages 16-24 grapple with unemployment rates more than two and a half times the rate of the entire state.
Today Young Invincibles released a comprehensive analysis of unemployment for young Vermonters. The fact sheet, GET THE FACTS About Youth Unemployment in Vermont [http://jobs.younginvincibles.org/%EF%BF%BCget-the-facts-about-youth-unemployment-in-vermont/], gives an in-depth look into how economic opportunity for young adults in Vermont has fallen drastically in the past decade, illustrating that:
- The average young adult in Vermont between the ages 25 to 34 makes over $4,000 less today than in 2005.
- The proportion of young workers in Vermont employed full-time has dropped thirteen percentage points since 2007.
- The overall share of young Vermonters with a job dropped from 63% in 2005 to 57% today.
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 Vermonters. 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.