Economy

Unemployment For Young Adults Is Highest Since World War II

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According to new Census data released today, young adults (aged 16-29) “suffer from the highest unemployment since World War II.” Total employment in this age group stands at just 55.3 percent, “down from 67.3 percent in 2000.” Richard Freeman, an economist at Harvard University, said that “these people will be scarred, and they will be called the ‘lost generation’ — in that their careers would not be the same way if we had avoided this economic disaster.”