Young, Underemployed and Optimistic Coming of Age, Slowly, in a Tough Economy, February 9, 2012
“This report is based on findings from a Pew Research Center survey conducted Dec. 6-19, 2011, among 2,048 adults nationwide, including 808 young adults (ages 18 to 34). The report also draws on data from the U.S. Bureau of Labor Statistics…Young adults hit hard by the recession. A plurality of the public (41%) believes young adults, rather than middle-aged or older adults, are having the toughest time in todays economy. An analysis of government economic data suggests that this perception is correct. The recent indicators on the nations labor market show a decline in the unemployment rate. Nonetheless, since 2010, the share of young adults ages 18 to 24 currently employed (54%) has been its lowest since the government began collecting these data in 1948. And the gap in employment between the young and all working-age adultsroughly 15 percentage pointsis the widest in recorded history.1 In addition, young adults employed full time have experienced a greater drop in weekly earnings (down 6%) than any other age group over the past five years.”
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