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The Deterioration in the Labor Market Fortunes of America's Young Adults During the Lost Decade of 2000 – 2010

Release Date: September 29, 2011
File Size: 207 KB
File Format: pdf
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Andy Sum, professor of economics and director of the Center for Labor Market Studies at Northeastern University in Boston, highlights the struggles young adults have faced in "The Lost Decade" of 2000-2010 in this report. Steep declines in employment rates along with increasing rates of underemployment, hidden unemployment and mal-employment for young college graduates has made this past decade a "jobless decade." Nearly 2million jobs were lost during this time period though some young workers were hit harder than others depending on age, gender, race, ethnicity and educational attainment.

About the Author

Andrew Sum, Professor of Economics and Director of the Center for Labor Market Studies at Northeastern University in Boston

Andrew M. Sum is a professor of economics and the director of the Center for Labor Market Studies at Northeastern University in Boston. He has produced research on the labor market and workforce development on the local, state and national level for the past 40 years focusing on the experiences of teens, young adults, blue collar workers and older workers. His most recent research has focused on what he calls "The Lost Decade," and how the last ten years, including "The Great Recession," has seriously harmed young workers and young families with children.