US Job Market Hurt Teens Workers Badly

According to reports by the US economists, American employees suffered more job losses during the Great Recession period, 2007-2009, than in depressions over the past three decades, and less than half got another position within half year of the recession’s official end.

A new report released by the Northeastern University’s Center for Labor Market Studies, who analyzed the US Bureau of Labor Statistics (BLS), more than 15 million US workers from 20 years old or over lost their jobs, and 11 out of 100 adult workers become jobless during the three-year period of recession.

One of the authors of the report, Joseph McLaughlin, said that it was the most workers have ever been displaced, which is the one of the ever highest displacement rates and the lowest re-employment rates in the thirty-year history that the BLS has kept statistics on job losses.

The reports showed that teenage workers, whether there were students seeking summer jobs or school dropouts and graduates looking for full-time work, were particularly hard-hit by job losses in the recent Great Recession. Last year, 2011, only one in four American teenagers held a job, which is the smallest percentage in decades.

McLaughlin told that the weak job market for U.S. hurt teenagers greatly, because workers didn’t need to hire inexperienced and younger workers when there are plenty of adults seeking work.

He added that teenagers find that early work experience really helps to train them for full-time work and it also boosts their earnings later on.

The report said that the unemployment hit hardest was in the construction and manufacturing market, with approximately one in five workers in those industries losing jobs and one in ten financial service workers lost their jobs and one in twenty in education and healthcare lost jobs.

The Great Recession, a severe global economic problem, started in December 2007 and ended in June 2009, but the recession’s subsequent economic recovery has been very poor and particularly slow to produce the positions and stands needed to get people back to work and absorb new employees.

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Tags: American, BLS, depressions, economists, employees, Great Recession, job, manufacturing, Northeastern University, teenagers, unemployment, US, US Bureau of Labor Statistics