Sunday, May 27, 2012
Young adult employment during the recent recession :
The recent recession lasted from December 2007 to June 2009, with the unemployment rate increasing from 5.0 percent at the beginning of the recession to 9.6 percent at the end. This article compares the labor market experiences of young adults (24- and 25-year-olds) over an 18-month period prior to the last recession to those of young adults of the same age over the 18 months of the recent recession. Many of these young adults had recently entered the labor market, and research has shown that workers who enter the labor market during a recession can see long-term negative effects on their employment and earnings.