Youth Unemployment Still an Issue

July 9, 2014  |  16 comments

By Samuel Frere-Holmes

On Thursday, July 3, the Bureau of Labor Statistics released the unemployment data for the month of June. Although the overall unemployment rate changed for the better, dropping to 6.1% on the back of 288,000 new jobs, youth unemployment revealed itself as a lasting problem.
In contrast to the general trend, the jobless rate of Americans aged 16-19 increased, from 19.2% to 21.0%.

Youth unemployment is a pressing issue and obstacle to economic stimulation. Especially at ages where jobs come at a premium, the longer one goes without being employed, the less time one has to acquire vital skills for the workplace, and for business relations in general. Without such aptitude, the likelihood down the road that said individual will become a participating member of the economy or find an appealing job gradually decreases.

As Will Stone points out, these trends could have “ripple effects for decades to come not only for young people's lifelong earning potential but also for their contributions to the tax base and the strength of the U.S. economy overall.”

As American youth are inevitably curtailed in their economic expansion down the line, so is the rest of America, and the negative effects on young people will translate to dimmed economic output across the board.

The potential negative effects are perfectly summarized by Christina Gagnier in a recent Huffington Post piece, as the points out that, “The inability to find work impacts the ability to meet financial obligations and save for the future, delaying purchases and investments that propel our economy forward.”

Although Gagnier is referring to negative effects on the 16-19 year olds, a general postponement of American economic progress will see a lag in investments and purchases on the whole.

At the Network for Teaching Entrepreneurship, we have spent the past 26 years investing in teaching workplace skills such as opportunity recognition and flexibility, teaching the youth vital skills to help them navigate their jobs and the American economy.

“Today’s high unemployment is a ticking economic and social time bomb,” said Amy Rosen, President and CEO of NFTE. “Without jobs, young people miss learning vital jobs skills and engaging the economy productively. With more than one in five American young people looking for work, it’s more essential than ever that we teach and empower them to be entrepreneurs so they can make their own jobs and even hire their friends.”

Post a Comment


Yes it is now become a very

Yes it is now become a very big issue.

Governor The Walking Dead Leather Jacket

It is really a big issue now

It is really a big issue now a days and I think youth is getting frustrated from it.

High youth unemployment isn't

High youth unemployment isn't new. Since 1948, youth unemployment rates have been, on average, 2.7 times higher than the prime-age unemployment rate, although this ratio tends to vary with the business cycle. Because youth unemployment tends to be concentrated among more disadvantaged populations, the “scarring” effects of early-career unemployment also have implications for social mobility. Young adults who don’t pursue post-secondary education suffer from higher levels of unemployment and are more vulnerable to economic downturns than their college-going counterparts.
writing kingdom providing academic excellence

A very interesting all worth

A very interesting all worth visiting. I’m glad I found this article. It has helped me a lot. Keep up the good work. This article might have some more good information on this same topic. I didn’t read it till now. But one of my friends recommended to get followers on instagram

Girilaya.Com agree with your

Girilaya.Com agree with your article.


Girilaya Real Groups

That's an incredible posting,

That's an incredible posting, many thanks for sharing.I must say that I feel really identified in this particular matter, which is the reason I acknowledge with the writer; nowadays men and women should try to search for a more rewarding tomorrow and begin contemplating new ways of growing: Number one!

very nice

very nice information

Guardians of the Galaxy Jacket

levitra super active kaufen

brand viagra kaufen xhuht

silagra kaufen djiyvpk

viagra kaufen mmybptb brand

cialis soft kaufen ruwjtz

brand cialis kaufen rvbfqz

cialis professional kaufen

Many women have got a moving

Many women have got a moving encounter with hemorrhoids while carrying a child. But by midlife, piles usually become a regular difficulty. By time 50, about half the populace has knowledgeable a number of the vintage signs or symptoms, such as rectal agony, scratching, hemorrhage, and maybe prolapse (piles that protrude from the anal canal). Though piles are seldom harmful, they can be a repeated and agonizing intrusion. The good thing is, there is a great deal you can do about them.

Youth unemployment is a

Youth unemployment is a pressing issue and impediment to financial incitement. Particularly at ages where employments take a stab at a premium, the more drawn out one goes without being utilized, luxurytravelretreats , luxurycustomizedtravel , luxurytoursforthediscerningtraveller , luxurytravelprograms , luxurygetawaysforthediscerningtraveller , tradanatravel , thelandtours , oregoncycletourist , guiatourgps , cycletouristsloveoregon the less time one need to obtain fundamental aptitudes for the work environment, and for business relations all in all. Without such fitness, the probability not far off that said individual will turn into a partaking part of the economy or discover an engaging occupation continuously diminishes.

Post a Comment

By submitting this form, you accept the Mollom privacy policy.