On Thursday, October 1, the House Education and Labor held a hearing to examine the impact on declining rate of youth employment and strategies to ensure that there are economic opportunities available for young Americans.
While the recession has disproportionately impacted young adults, the employment rate among 16 to 24 year-olds has steadily declined by nearly 20 percent over the past decade to its lowest level since World War II. The consequences of reduced work opportunities among young Americans results in fewer long-term employment prospects, less earnings and a decrease in productivity.
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While the recession has disproportionately impacted young adults, the employment rate among 16 to 24 year-olds has steadily declined by nearly 20 percent over the past decade to its lowest level since World War II. The consequences of reduced work opportunities among young Americans results in fewer long-term employment prospects, less earnings and a decrease in productivity.
Witnesses:
- Jane Oates » Assistant Secretary of Labor for Employment and Training Administration U.S. Department of Labor
- Algernon Austin » Director of the race, ethnicity, and the economy program Economic Policy Institute
- Matthew Segal » Founder & Co-Chair 80 Million Strong
- Dorothy Stoneman » President and founder YouthBuild USA
- D. Mark Wilson » Principal Applied Economic Strategies, LLC
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