U.S. a Leader in Youth Unemployment

    NEW YORK, NY - MAY 03:  Job seekers fill out applications at a job fair sponsored by State Senator Jose R. Peralta and Elmcor Youth and Adult Activities on May 3, 2012 in the Queens borough of New York City. Representatives of over 60 companies met job seekers that numbered over one thousand. The Labor Department announced Thursday that weekly unemployment benefit applications fell 27,000 last week to a seasonally adjusted 365,000.  (Photo by Spencer Platt/Getty Images)

    Spencer Platt

    Excited about today's decent jobs report? This will temper your enthusiasm. There are more unemployed young adults in the U.S. than in much of Europe, according to new figures. In fact, the U.S. currently has the lowest share of employed 25- to 34-year-olds among large, affluent economies—a "historic turnaround," one economist tells The New York Times in a piece titled "The Idled Young Americans." Experts say the reversal stems from the fact that youths in the U.S. have been particularly hard hit by the country’s lack of new jobs over the past 12 years.

    Read it at The New York Times