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Key Findings on the Labor Market Experiences of Teen and Young Adults (16-24 Years Old) in the U.S. from 2000 – 2012: Implications for Pathways to Prosperity.

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Presentation on theme: "Key Findings on the Labor Market Experiences of Teen and Young Adults (16-24 Years Old) in the U.S. from 2000 – 2012: Implications for Pathways to Prosperity."— Presentation transcript:

1 Key Findings on the Labor Market Experiences of Teen and Young Adults (16-24 Years Old) in the U.S. from 2000 – 2012: Implications for Pathways to Prosperity Andrew Sum, Director Center for Labor Market Studies Northeastern University Boston, Massachusetts March 2013

2 Key Findings on the Labor Market Experiences of Teen and Young Adults (16-24 Years Old) in the U.S. from 2000 – 2012: Implications for Pathways to Prosperity 1.The Great Age Twist in the Employment Rates of U.S. Adults (16-75) over the 2000 – 2012 Time Period 2.Trends in the Employment Rates of U.S. Teens from 2000 – 2012 and Changes in the Job Distribution by Major Industry and Occupation 3.The Early Labor Market Transition Experiences of High School Graduates Not Enrolled in College 4.Trends in the Employment Rates of the Nation’s Year Olds Over the Period; Variations in Employment Prospects Across Educational Groups; the Steep Rise in Labor Underutilization Among Young Adults 5.The Real Weekly Earnings of Full-Time Employed Young Adults Over the Past Few Decades; the Declining Absolute and Relative Weekly Earnings of Young Full-Time Employed Adults in the U.S.; the Lost Path to Prosperity

3 Absolute Change in Employment-Population Ratio of 16-to-79 Years Old by Single Age, U.S., 1999/2000 and 2011/2012

4 Percent Change in Employment-Population Ratio of 16-to-79 Years Old by Single Age, U.S., 1999/2000 and 2011/2012

5 Trends in the Employment / Population Ratios of Teens, Selected Years, 2000 – 2011 (in %)

6 Trends in the Employment Rates of New High School Graduates Not Enrolled in College in October of the Year of Graduation, Selected Years 1999/2000 – 2011

7 The Full-Time Employment / Population Ratios of Non-College Bound High School Graduates in October 2011, Class of 2011, All and by Race-Ethnic Group

8 Trends in the Employment / Population Ratios for 20 – 24 Year Olds in the U.S., 2000 – 2012 (in %)

9 Median Real Weekly Earnings of Full-Time Employed Year Olds by Gender, U.S., Selected Years, (in Constant 2012 Dollars) Time Period (A) Men (B) Women Per Cent Change, 1973 – %-9.2% Per Cent Change, 1989 – %-8.6% Per Cent Change, 1996 – %+10.4% Per Cent Change, 2001 – %9.4% Per Cent Change, 1973 – %-17.0%

10 Employment/Population Ratios of Year Olds in Selected Educational Attainment Groups in the U.S.,

11 Median Weekly Earnings of Young Men (16-24) Relative to Older Men (25 and Over), Selected Years, (in %)

12 Comparisons of the Actual Median Real Weekly Earnings of Full-Time Employed Young Men and the Median Weekly Wages They Would Have Earned If They Had Maintained Their Real Weekly Earnings Growth Rates, Selected Years (in 2010 Dollars)


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