Young, Underemployed and Optimistic
Young adults hit hard by the recession. A plurality of the public believes young adults, rather than middle-aged or older adults, are having the toughest time in today’s economy.
Young adults hit hard by the recession. A plurality of the public believes young adults, rather than middle-aged or older adults, are having the toughest time in today’s economy.
During the sluggish two-year recovery from the Great Recession, men have gained 768,000 jobs while women have lost 218,000 jobs. This new gender gap in employment trends represents a sharp turnabout from the recession itself, when men lost more than twice as many jobs as women.
For the first time since the official end of the Great Recession in June 2009, native-born workers in the second half of 2010 joined foreign-born workers in experiencing the beginnings of a recovery in employment.
In testimony before the House Judiciary Subcommittee on Immigration Policy and Enforcement, the Pew Hispanic Center's Rakesh Kochhar explains why for the first time since the official end of the Great Recession in June 2009, native-born workers in the second half of 2010 joined foreign-born workers in experiencing the beginnings of a recovery in employment.
"A surprising number of employees in their early twenties may have already experienced multiple layoffs," said David Morrison, managing director and founder of Twentysomething Inc., a marketing company that focuses on Gen Y.
In the year following the end of the Great Recession in June 2009, foreign-born workers gained 656,000 jobs while native-born workers lost 1.2 million. As a result, the unemployment rate fell for immigrants while it rose for the native born.
Among married couples with their own children under 18 at home, the share with a working wife and unemployed husband went up in 41 states in 2009, compared with the year before, according to a new Census Bureau analysis of data from the American Community Survey.
For a narrow majority of Americans (55%), the Great Recession brought a mix of hardships, usually in combination: a spell of unemployment, missed mortgage or rent payments, shrinking paychecks and shattered household budgets, but for the other 45% of the country, the recession was largely free of such difficulties.
Workers who suffered a spell of unemployment during Great Recession are, on average, less satisfied with their new jobs than workers who didn't. They are more likely to consider themselves over-qualified for their current position.