More than one million Americans who have graduated from high school and are between 17 and 20 years old are not working, attending school or looking for work, according to a new analysis by the Economic Policy Institute.
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"In today’s labor market," the EPI report states, "there are nearly 1 million 'missing' young workers — potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent."
“There are two key ways young graduates can further advance their careers and their futures: getting a job or further schooling,” said Heidi Shierholz, the lead author of the report, as reported in the Wall Street Journal. ”You like to think people are traveling around the world or doing something enriching. I doubt that’s it. It’s people who are thrown into this position because of the weak economy in the aftermath of the Great Recession.”
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