On Thursday, May 1 at 12:00 p.m. ET, the Economic Policy Institute (EPI) will release The Class of 2014: The Weak Economy Is Idling Too Many Young Graduates, which examines the labor market conditions new graduates will face, and hold a press conference call on the study. In the report, EPI economist Heidi Shierholz and EPI research assistants Alyssa Davis and Will Kimball find that though the labor market has made slow progress from the Great Recession and its aftermath, the slack that remains continues to be devastating for workers of all ages, and especially on young workers. At 14.5 percent, the March 2014 unemployment rate of workers under age 25 was slightly over twice as high as the overall unemployment rate, 6.7 percent.
The report examines the labor market that confronts young graduates who are not enrolled in further schooling—specifically, high school graduates age 17-20 and college age 21-24. The authors reveal the number of “missing” young workers—potential workers who are neither employed nor actively seeking work because job opportunities remain so scarce—examine the claim that young adults have been able to shelter in school, and detail the long-term scarring effects of entering such a weak labor market.
What: Release and press call on new EPI report, The Class of 2014
Who: Heidi Shierholz, EPI Economist
Alyssa Davis, EPI Research Assistant (Bernard and Audre Rapoport Fellow)
Will Kimball, EPI Research Assistant
When: Thursday, May 1 at 12:00 p.m. ET
Call-in Info: 1-800-311-9403 Passcode: 960316