New research from the Economic Policy Institute finds that workers age 16-24—always especially vulnerable in a recession—have been particularly hard-hit during the COVID related recession. Unemployment rates among this group rose from 8.4 percent in spring 2019 to 24.4 percent in spring 2020. Young workers are doubly disadvantaged by their concentration in industries hard-hit by this recession, as well as their exclusion from formal unemployment protections. Authors caution that the effects of this recession on young workers could persist over the longer-term. #covid-19 #workforce
Young Workers Disproportionately Affected by Pandemic Job Loss
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