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Understanding the Economy: Unemployment Among Young Workers

May 26 2010


The unemployment rate for young workers ages 16-24 has continued to climb, hitting a record high in April 2010, even as the economy has strengthened and added more than 570,000 jobs in the first four months of 2010, according to a new report by the U.S. Congress Joint Economic Committee (JEC).

The report, entitled “Understanding the Economy: Unemployment Among Young Workers,” shows that one in five young workers was unemployed last month, a significant increase from prior to the recession when one in eight young workers was jobless.  The 19.6 percent unemployment rate for young workers ages 16-24 in April 2010 is the highest unemployment rate for this age group since the Bureau of Labor Statistics began tracking unemployment data in 1947.

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