"In recent decades, the share of 22- to 27-year-olds without a college degree who are working or seeking employment has dropped, per a Goldman Sachs analysis of US government data, published in July. That group saw a steeper decline in labor force participation than their counterparts with college degrees. While some of them aren't seeking employment because they're still enrolled in school, there are other more troubling factors in the equation."
"Over the past 30 years, the share who say they're "unable to work" for reasons other than school, childcare, disability, illness, or retirement has doubled to nearly 5%, per Goldman Sachs, compared with under 1% for college graduates. It's another sign of a disconcerting rise in disconnected youth - young Americans who are not in school, not working, and not looking for work."
Labor-force participation has declined notably among 22- to 27-year-olds without college degrees, outpacing declines for degree-holders. Some non-degree young people remain enrolled in school, but a growing share report being "unable to work" for reasons other than school, childcare, disability, illness, or retirement, rising to nearly 5% over 30 years. The proportion of disconnected 18- to 24-year-olds—neither working, in school, nor seeking employment—has trended upward to roughly 12%, higher than in any year between 1989 and 2009. Economic, cultural, psychological forces and job mismatches and preferences are cited as contributing factors.
Read at Business Insider
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