Andrew Sum Power Point on Pathways to Prosperity

January 12, 2018 | Author: Anonymous | Category: Science, Health Science, Pediatrics
Share Embed Donate


Short Description

Download Andrew Sum Power Point on Pathways to Prosperity...

Description

Key Findings on the Labor Market Experiences of Teen and Young Adults (16-24 Years Old) in the U.S. from 2000 – 2012: Implications for Pathways to Prosperity Andrew Sum, Director Center for Labor Market Studies Northeastern University Boston, Massachusetts

March 2013

Key Findings on the Labor Market Experiences of Teen and Young Adults (16-24 Years Old) in the U.S. from 2000 – 2012: Implications for Pathways to Prosperity 1.

The Great Age Twist in the Employment Rates of U.S. Adults (16-75) over the 2000 – 2012 Time Period

2.

Trends in the Employment Rates of U.S. Teens from 2000 – 2012 and Changes in the Job Distribution by Major Industry and Occupation

3.

The Early Labor Market Transition Experiences of High School Graduates Not Enrolled in College

4.

Trends in the Employment Rates of the Nation’s 20-24 Year Olds Over the 2000-2012 Period; Variations in Employment Prospects Across Educational Groups; the Steep Rise in Labor Underutilization Among Young Adults

5.

The Real Weekly Earnings of Full-Time Employed Young Adults Over the Past Few Decades; the Declining Absolute and Relative Weekly Earnings of Young Full-Time Employed Adults in the U.S.; the Lost Path to Prosperity

Absolute Change in Employment-Population Ratio of 16-to-79 Years Old by Single Age, U.S., 1999/2000 and 2011/2012

Absolute Change (In Percentage Points)

10.0

5.0 0.0 -5.0 -10.0 -15.0 -20.0 -25.0

16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78

Age

Percent Change in Employment-Population Ratio of 16-to-79 Years Old by Single Age, U.S., 1999/2000 and 2011/2012 80.0

Percent Change in E/P Ratio

60.0 40.0 20.0 0.0 -20.0 -40.0 -60.0 -80.0

16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78

Age

Trends in the Employment / Population Ratios of Teens, Selected Years, 2000 – 2011 (in %) 50 45

45.5

40

37.2

37.6

Per Cent

35 30

26.8

26.3

2010

2011

25 20 15 10 5 0

2000

2003

2006 Year

Trends in the Employment Rates of New High School Graduates Not Enrolled in College in October of the Year of Graduation, Selected Years 1999/2000 – 2011 80.0

Per Cent

70.0

69.6

60.0

57.8

58.6 56.0 51.0

50.0 45.6

45.5 40.0 1999-2000

2003

2007

2008 Year

2009

2010

2011

The Full-Time Employment / Population Ratios of Non-College Bound High School Graduates in October 2011, Class of 2011, All and by Race-Ethnic Group 30.0 24.0

25.0

25.0

21.0

Per Cent

20.0 15.0 10.0

7.0

5.0

0.0 All

Black

Hispanic Group

White, not Hispanic

Trends in the Employment / Population Ratios for 20 – 24 Year Olds in the U.S., 2000 – 2012 (in %) 74 72

72.2

70

67.9

Per Cent

68

68.4

66 64

62.1

62

60.7

60.9

2010

2011

61.5

60 58

56 54 2000

2003

2007

2009 Year

2012

Median Real Weekly Earnings of Full-Time Employed 16-24 Year Olds by Gender, U.S., Selected Years, 1973-2012 (in Constant 2012 Dollars) (A)

(B)

Men

Women

1973

662

501

1979

608

477

1989

502

455

1996

449

416

2000

502

456

2001

509

459

2008

492

447

2009

491

454

2012

468

416

Per Cent Change, 1973 – 1989

-24.2%

-9.2%

Per Cent Change, 1989 – 1996

-10.7%

-8.6%

Per Cent Change, 1996 – 2001

+13.4%

+10.4%

Per Cent Change, 2001 – 2012

-8.0%

9.4%

Per Cent Change, 1973 – 2012

-29.3%

-17.0%

Time Period

Employment/Population Ratios of 20-24 Year Olds in Selected Educational Attainment Groups in the U.S., 2000-2012 90.0 80.0 70.0

Per Cent

60.0 50.0

80.5

75.4

71.9 60.5

60.2

74.7

61.7

45.5

40.0 30.0

20.0 10.0 0.0 H.S. Dropout

H.S. Graduate

13-15 Years

BA or Higher Degree

Median Weekly Earnings of Young Men (16-24) Relative to Older Men (25 and Over), Selected Years, 1967-2010 (in %) 80.0 75.0 70.0 65.0 60.0

74.0 67.0 62.4

55.0 50.0 45.0

40.0

54.3 54.4

51.2 52.2

53.7 54.3

52.5

53.8 53.8

52.5

50.7

Comparisons of the Actual Median Real Weekly Earnings of Full-Time Employed Young Men and the Median Weekly Wages They Would Have Earned If They Had Maintained Their 1967-1973 Real Weekly Earnings Growth Rates, Selected Years 1973-2010 (in 2010 Dollars) 1200

1000 847

1002

1014

483

466

466

443

2001

2007

2009

2010

904

774

800 629 600

976

629

680

707

577 510

400

477

426

200

0 1973

1979

1982

1989

Actual Weekly Earnings

1996

Hypothetical Weekly Earnings

View more...

Comments

Copyright � 2017 NANOPDF Inc.
SUPPORT NANOPDF