Unfortunately, the American youth is struggling with low national unemployment. The current unemployment rate for 18-24-year-olds is 17 percent, whereas the general unemployment rate is 3.8 percent (Brookings Institution). Most of the unemployed youth lack higher education.
Brookings’ Martha Ross explains in her report, “In theory, the path to employment providing financial security in adulthood is simple: finish high school, enroll in and complete college or training that is affordable and a good fit, gain some work experience along the way, and launch a career.”
“The report characterized the younger unemployed as bilingual Karina, 19, who graduated high school recently and is considering continuing her studies; single-mom Monica, 23; Juan, 20, who attends community college and has worked seasonal jobs; 19-year-old Stephanie who left state university after a year because of financial concerns; Matt, 24, who has an associate’s degree but who lost his job at a car dealership when the business closed; and Amy, 22, who has a bachelor’s and volunteers as a tutor.
Ross and Holmes described the young unemployed in relation to education:
- 18 to 21 year olds with a high school diploma or less (37% of total out of work youth)
- 22 to 24 year olds with a high school diploma or less (25%)
- 18 to 21 year olds with at least some education beyond high school (17%)
- 22 to 24 year olds with at least some education beyond high school (15%)
- 22 to 24 year olds with bachelor’s degrees (6%)”