After recession, more young adults are living on street, By Susan Saulny, December 18, 2012, New York Times: “Duane Taylor was studying the humanities in community college and living in his own place when he lost his job in a round of layoffs. Then he found, and lost, a second job. And a third. Now, with what he calls “lowered standards” and a tenuous new position at a Jack in the Box restaurant, Mr. Taylor, 24, does not make enough to rent an apartment or share one. He sleeps on a mat in a homeless shelter, except when his sister lets him crash on her couch. ‘At any time I could lose my job, my security,’ said Mr. Taylor, explaining how he was always the last hired and the first fired. ‘I’d like to be able to support myself. That’s my only goal.’ Across the country, tens of thousands of underemployed and jobless young people, many with college credits or work histories, are struggling to house themselves in the wake of the recession, which has left workers between the ages of 18 and 24 with the highest unemployment rate of all adults…”
Tag: Young workers
Jobs Recovery Favors Single, Younger Workers
Why the jobs recovery favors single workers, By Annalyn Censky, August 15, 2012, CNN Money: “As the economy slowly recovers, single people are finding jobs much faster than their married peers. Single men and women lost about 5 million jobs during the financial crisis, and have since gained back 90% of them, according to the Labor Department. That’s not too shabby, especially considering the jobs recovery has been so slow. But married people, who make up a slightly larger part of the adult population, lost even more jobs and have gained far fewer back. Of the 6 million jobs they lost, they’ve recouped only about 22%. Could employers be favoring single workers? That’s unlikely, economists say. The real story probably lies in other demographic factors. . .”