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Young Adults without College Education See Uneven Jobs Recovery
FRB of St. Louis 2022.05.25 원문보기
Relief and recovery investments during the pandemic have made this most recent job recovery unique relative to others in past decades. In fact, major efforts to restore the economy’s health and commitments to lessen racial inequality, combined with widespread labor shortages, have helped to create a “moment of opportunity” for young noncollege-educated adults.1 This moment is especially crucial for young noncollege-educated adults because early career opportunities are key for their long-term earnings prospects. They tend to have fewer skills and credentials and weaker job search networks, and face geographic isolation from job opportunities, making a potential toehold in the labor market all the more important to securing their economic futures. Young Black and Latino adults also face additional hurdles, such as discrimination.

The challenges are even greater for the current cohort of noncollege-educated youth who have entered the labor force during the pandemic. Research has shown that in the aftermath of a recession, youth who enter labor markets experience lower income over their lives. The COVID-19 pandemic is the latest example of a public health and economic shock that could adversely impact their futures. This blog post, the first in a two-part series, assesses how well young noncollege-educated adults, especially young Black adults and young Latino adults, are faring during the recovery.2 Simply put, their recovery is one of unevenness.
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