Recession erases 2.7 million youth jobs, widens employment gap

[steve2470]

http://www.latimes.com/business/money/la-fi-mo-youth-unemployment-20120713,0,1766199.story?track=lat-pick

Had the recession never happened, there would now be an additional 2.7 million jobs for young workers, according to a report this week.

Instead, there’s a Chicago-sized hole in the employment market for people between 16 and 24 years old, according to nonprofit, nonpartisan advocacy group Young Invincibles.

And there’s a good chance that gap will never close, to potentially devastating effect, according to the "No End in Sight?" report.

“The scary thing is that the recession may never end for young people,” said Rory O’Sullivan, policy director for the group, in a statement.

[xchrom]

1. Du rec. Nt

[Brickbat]

2. K&R. I graduated from college in the recession of the early 90s and thought things were bad.

However, my first job out of college was in my field, had good pay and excellent benefits. During college, I always had multiple summer jobs at places that catered to college students -- inbound telemarketing, light manufacturing that had summer rushes, and so on. I can't imagine trying to find a "first job" today.

[CaliforniaPeggy]

3. What a horrifying statistic.