Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    The Lookout

    Only 55 percent of young Americans have jobs, lowest since WWII

    A young person walking in an alley in west Detroit. AP Photo/Carlos OsorioUnemployment among young adults is at its highest point since World War II, new data show. And it's having a disconcerting impact on the trajectory of their careers and lives.

    "We have a monster jobs problem, and young people are the biggest losers," Andrew Sum, an economist with the Center for Labor Market Studies at Northeastern University told the Associated Press.

    Just 55.3 percent of people between 16 and 29 were employed in 2010 on average, the according to new figures released by the Census Bureau. That represents an enormous drop from 67.3 percent in 2000. Among teens the figure was less than 30 percent.

    The result? Young people are delaying taking the steps that traditionally represent movement into adult life: moving to a new place, getting married, and buying a new home. Just 4.4 percent of 18- to 34-year olds moved across state lines -- again, the lowest level since World War Two (though such moves have been declining since long before the recent downturn, it's worth noting). Roughly 5.9 million Americans between 25 and 34 lived with their parents. That's up by 25 percent since before the recession began in late 2007. (Men are nearly twice as likely as women to move back in with Mom and Dad.) The marriage rate for those between 25 and 34 fell to 44.2 percent, also a new low. And home ownership declined for the fourth straight year.

    "Many young adults are essentially postponing adulthood and all of the family responsibilities and extra costs that go along with it," Mark Mather of the Population Reference Bureau told the AP. If that continues, it would make the U.S. more like Europe, where youth unemployment is far higher and many people continue to live with their parents into their 30s.

    In addition, studies have shown that when people experience unemployment at a young age, it depresses their likely earning power over the course of their entire career. "These people will be scarred, and they will be called the 'lost generation' - in that their careers would not be the same way if we had avoided this economic disaster," Richard Freeman, an economist at Harvard, said.

     
     
    Top Locations Recife

    2,929 comments

    • Civilian  •  Recife, Brazil  •  2 mths ago
      I'm 35, watching the years tick by. Almost 3 years have passed and I still can't get a job. I can't even utilize my Bachelors Degree because i'm so consumed in trying to merely feed myself. What a life I have.
    • nannyfaulkner  •  8 mths ago
      well i am 70 and i have 3 grandchildren living with me ,they are great kids,the boys have looked for jobs ,the teen girl baby sits when they can afford to pay her they do ,but if they can't she will babysit while they work anyway,they know how hard it is to get by,i try not to gripe at them except for letting me know where they are,they are great little troopers,if we got the money for something thats fine and if we don't thats fine too, all their friends that i no are respectful when they come to the house,usually someone there every day,sometimes a whole bunch of them,usualy if i am doing something they pitch in and help,so don't bash the kids they try some of them are trying a heck of a lot harder than you think,they didn't have a darn thing to do with the state of things,i love you kids NANNY
      • Vikki T 8 mths ago
        This is the best thing I have read all day. Thank you Nanny for supporting and encouraging the kids:)
      • art h 8 mths ago
        Yes, and it really prepares them for life, find someone to "move in" with.
      • Anonymous 8 mths ago
        but does this encourage a nanny state?
    • E  •  8 mths ago
      This is true.. Some of these companies wants people to have a batchlors degree just to answer phones. Some of these job posting are idiotic that I have came across and its hard for us (16-29 yr old) to even get a decent job that can be our career.
      • rich b 8 mths ago
        'bachelors' you mean
      • Susan 8 mths ago
        It was that way with a few companies 20+ years ago when college was easily obtained and did not put the student or parents in debt for years. Keep in mind, college was an option and computers were just starting to enter the workforce.

        In fact marrying out of high school was still normal although beginning to decline. Bottom line, as long as one was willing to work hard and be loyal, a decent living was all but guaranteed. At least one could take care of a family without being in poverty.

        At that time, approximately half of graduating students attended college or finished their studies. The others got married or went to work immediately. Staying with a company until retirement was a badge of honor. Now companies are targeting a MBA or PhD graduate for a 30K or 40K job in some instances.

        Honestly, this is absurd! To expect and in most cases demand someone to spend thousands of dollars for a job that only provides an apartment lifestyle coupled with a debt that will take years to pay, not only is ridiculous but borderlines insanity.

        If the government would stop restricting small business this preposterous dilemma would not be so detrimental. At least small companies still value a worker that may not have all the designations but shows up on time and performs their duties with a good attitude.
      • Tim 8 mths ago
        The days of career jobs are long gone. Seldom will you keep the same career until retirement now. Keep your goals high and don't fear being fired, just be prepared because it will happen.
    • Stephanie  •  8 mths ago
      I'm 18 and have been trying to get a job since I was 16. The only place that even called me back was mcdonald's, and by the time they actually called me for an interview they were only giving me 3 days a week. I haven't been able to find anything since. Everywhere I apply they say I need more job experience. My question is, how am I supposed to have job experience if you won't hire me?
      • Minh 8 mths ago
        I got my first job at the school library when I was a kid, maybe try your local schools for jobs that are geared towards students. If that doesn't pan out for you, try volunteer work. That's a great resume builder for teens.
      • Alicia 8 mths ago
        i know what you mean! i'm 20 years old and i've been looking since i was 17. i live in CA and around my area you either have to know spanish to get the job or to have had job experience :(
        i know enough of spanish to get by and probably help a customer, but that they always want someone more fluent. it sucks that most of us young adults are on the same boat
      • Jessica 8 mths ago
        I had the same thing happen to me! I had to apprentice for a few years (no pay) before I was hired into the position I am in now. It was rough with little to no income in the begining, but now I am making enough to at least make ends meet.
    • venus2011  •  8 mths ago
      If you don't have a job, it would be insane to get married or buy a house. Everybody keeps saying young people are shirking responsibility of adulthood. They are making responsible decisions by not spending money they don't have. And the divorce rate is steadily increasing and over 50%. If you get married, chances are you will get divorced, and that costs a lot of money, too. So how does this equal being lazy or immature?
    • chris bell  •  8 mths ago
      If the Economy wasn't in so much pain this would not be the case. By the time I am old enough to draw social security there wont be anything left yet I am paying it. I mean lets be honest. Our president stayed at war for much of the wrong reasons. That added to our debt in this country. Now we have a president who is bailing out company's and yet there CEO's are making enough money to feed there family and ten more on top of it and still live a very nice life with a great retirement pay. Company's everywhere panic on the the problem in America and laid off hard working individuals who live from pay check to pay check. Did company's ever think about starting from top to bottom and take pay cuts that would keep your business and employees far away fro being laid off. Having priorities in America has lost its way, point blank.
      • Kris 8 mths ago
        I have been saying this very same thing for a very long time. We are going downhill and fast...with the way we are going we are going to have the extremely rich and the extremely poor.
      • Joe Hanky 8 mths ago
        Chris - How old are you anyway? Not trying to sound like a jerk, but I'm 38 and as far back as when I was in high school you were constantly told that there would be little or no social security for Gen-X people. People need to wise up and work on their own future retirement rather than sitting back waiting for a messed up government program to cover their wants and needs when they get old.
      • Notaynkeefn 8 mths ago
        Chris, There are plenty of companies that started at the top and worrked their way down (Ford Motor Company comes to mind) you just don't hear about it because doom and gloom sells more newspapers. Don't buy into all the press tells you, look for things yourself. Many of the CEO's that earn a nice salary worked their way up through the trenches to get where they are now. They EARNED it. Don't begrudge what someone else has or does, do what's right for yourself regardless of what others do and regardless of the current outcome. It will build a flawless character for the future. Good luck to you.
    • spiderman  •  8 mths ago
      Ross Perot said this would happen. Too bad nobody listened to him.
    • Pip  •  8 mths ago
      well maybe if entry level jobs didn't require 2+ years of experience, we wouldn't be having this problem. /bitter 20-something
    • Display Name  •  8 mths ago
      now who was it that said outsourcing jobs would be a net gain for the USA?
    • lori  •  8 mths ago
      I am glad we do have a home and can let our kids move back in if they need to. This is really a sad article about the state of affairs in our country. Thank you Politicians.
    • The Asender  •  8 mths ago
      downturn, recession, if you have a truthful count of the unemployed, it will show that we are in a full blown depression and no sign of a turn around in the near future. And with the cooperation that Obama is getting from the house and senate it is turning our country into turmoil and we are fast becoming a second rate nation. The house of cards nearly fell a couple of years ago, the next time it will fall!
    • Iris  •  8 mths ago
      What is with these comments "liberals are like this...conservatives are like that..." It makes no sense. These blanket generalizations, this "Us vs. Them" attitude is literally tearing America apart! We're ALL in this muck together. We need to unite to get our country out of this mess. We're not opponents. We're fellow citizens, and ALL our lives will be better when we ALL have more opportunities.
    • JAY  •  8 mths ago
      The "American Dream" is over. You will no longer be guaranteed a job, house, wife, kids and a dog just because you are over 25 and graduated college. With the lack of jobs due to globalization and the overinflated price for a college education, it is impossible to support oneself for years after finishing school. The U.S. will become like most of the other countries in the world, you will live with your parents until you are over 30 or getting married. This is the last generation that will have the opportunity to "become an adult" right after college.
    • mysaug  •  8 mths ago
      thank you china and all the wall street gurus who gutted our manufacturing base for a short term increase in profits.
    • Mingo  •  8 mths ago
      If our congressmen can do it, why not our kids?
    • Jim  •  8 mths ago
      The basic reality for the young is that 1) the job security enjoyed by those in the last half of the 20th century is gone, 2) a shrinking economy means fewer jobs, 3) globalization means fewer jobs, 4) a rising population means fewer jobs. Add to this the rising cost of education (requiring debt for many in college) and the statistics that those without a college education are all but completely screwed in the job market.

      We're in trouble here. The discussion should not be about how some people are lazy. The discussion should be about how to fix this - because this IS a problem and it IS getting worse.
    • Chris  •  8 mths ago
      I'm part of the generation this is talking about, and it is really no surprise, especially in my area. Seeing all the comments from the older generations saying "Just get up and do something" and "stop crying" need to know what you're talking about. I was fortunate to have a job at one time, but it closed down in the darkest days of the recession. Now, in the "Resort" area I live, there is just nothing. Apps out every week to ANYONE who will take them, and nothing for well over a year now. Yes, some are just lazy and don't make an attempt to find anything, but there are a lot of us that are fighting daily to even find the hardest jobs. I'm sure all of your generations had the same kind of useless people that plagues every generation. Don't be so #$%$ judgmental. It just shows that your age means nothing when it comes to maturity.
    • Christopher H  •  8 mths ago
      I'm 24, and I work two jobs just to support my parents who have been out of work for almost 3 years now. I can't really afford to just move out and leave them with nothing.
    • Scarlette  •  8 mths ago
      I'm almost 18 and I've been searching for a job ever since I got my work permit at 16! I get straight A's, I have a prepaid cellphone which I use to call my mother, I volunteer at the hospital, and I am CPR certified. All of you people who are saying the younger generation is clueless and such, please remember that some of us are being held down because of the incompetence of others. I cannot speak for my peers, but I would jump at the chance to work anywhere, even Mc Donald's.
    • Batman  •  8 mths ago
      $8 per hour part time, is not a real job. And thats what there counting as jobs. What a joke.
    [ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [['did not go as far his colleague', 8]], '29438204', '0' ], [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]

    About The Lookout

    The Lookout is the Yahoo! News national affairs blog focusing on America’s most important and interesting stories.

    Subscribe

    [X]

    How to subscribe

    Roll over each section to subscribe using Add to My Yahoo! or RSS Feed feeds.

    Yahoo! News offers dozens of RSS feeds you can read in My Yahoo! or using third-party RSS news reader software. Click here to find out more about RSS and how you can use it with Yahoo! News.

    Meet The Lookout Team

    The Upshot Network

    Edited by Dylan Stableford
    Edited by Eric Pfeiffer
    Edited by Olivier Knox
    Add your ideas and help make it happen. Join the conversation.
    Should Bill and Donna take on more risk to boost their business?
    How Josh's comment on a Remake America video laid the groundwork for something bigger.