LoginThe pace of employment for young people in the United States is continuing to struggle as many companies remain cautious.
The Young Adult Employment report from Demos found that, despite an improving overall jobs picture in July, in which the economy added163,000 jobs, many young people were still out of work. The study pointed to the fact that labor force participation rates for people 20 to 24-years-old. stood at 70.8 percent in June, lower than the figures in June. It also highlighted the fact that fewer were participating in job hunting.
"Last month the unemployment rate for 20 to 24-year-olds declined, reflecting a combination of higher employment levels and lower participation," report stated. "But unemployment for workers in this group remains well above the statistic for workers overall, at 13.5 percent."
Youth unemployment is a concern in other parts of North America as well. In Canada, Parliamentary Secretary to the Minister of Aboriginal Affairs and Northern Development Greg Rickford announced plans to increase efforts to get young people hired.
Content provided by executive search organization, MRINetwork.