Washington, D.C. – The U.S. Congress Joint Economic Committee, chaired by Representative Carolyn B. Maloney, held a hearing, titled “Avoiding a Lost Generation: How to Minimize the Impact of the Great Recession on Young Workers,” on Wednesday, May 26, 2010. During the Great Recession, young workers have faced unemployment rates significantly higher than the national average. Last month, one out of four teens (ages 16-19) was unemployed and one out of six younger workers (ages 20-24) was jobless. The hearing focused on the specific challenges faced by younger workers and examined actions that can be taken to ensure that these workers are able to fully participate in the economic recovery now underway.
WHAT: Hearing on “Avoiding a Lost Generation: How to
Minimize the Impact of the Great Recession on Young Workers.”
WHO: Dr. Till M. von Wachter,
Associate Professor of Economics, Department of Economics,
Columbia University, New York, NY
Professor, Georgetown Public Policy Institute,
Georgetown University, Washington, DC
Mr. David R. Jones,
President and Chief Executive Officer,
Community Service Society, New York, NY
Mr. Stephen M. Wing,
Director of Workforce Initiatives,
CVS Caremark Corporation, Woonsocket, RI
Mr. James Sherk,
Senior Policy Analyst in Labor Economics
The Heritage Foundation, Washington, DC
WHEN: 10:00 a.m., Wednesday, May 26, 2010
WHERE: 210 Cannon House Office Building
Chair Carolyn B. Maloney presided.
The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.