Wednesday, March 14, 2012
WIN: Jobs Numbers For Young Workers Moving In Right Direction- 03/14/12
There’s improvement in the jobs numbers for young workers. Jesse Russell reports.
The job numbers for younger workers seem to be moving in the right direction.
The availability of jobs for workers in the age group of 25 to 34 increased by 116,000 in February and the unemployment rate for that demographic dropped from 9 percent to 8.7 percent.
Younger workers were often the first to go when the recession hit due to employers eliminating entry-level positions. Statistically, that group’s unemployment numbers throughout the recession ran higher than the overall national average.
More young workers finding employment will likely have a ripple effect in other measures of the economy including consumer confidence and first-time home owners.
However, there is still a hill to climb before economists will feel confident enough to use the young worker employment numbers as a sign of a healthy economy.
In February 74.7 percent of 25 to 34 year olds were employed, but the preferred number by economists is 80 percent.
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