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Young adults in the United States have experienced higher rates of
unemployment and lower rates of labour force participation than the
general population for at least two decades. The Great Recession
exacerbated this phenomenon. Despite a substantial labor market
recovery from 2009 through 2014, vulnerable populations --
including the nation's young adults -- continue to experience
higher rates of unemployment. Meanwhile, changes in labour market
conditions, including globalisation and automation, have reduced
the availability of well-paid, secure jobs for less-educated
persons, particularly those jobs that provide opportunity for
advancement. Furthermore, data suggest that young workers entering
the labour market are affected by a long-running increase in the
use of "contingent" work arrangements, characterised by contracted,
part-time, temporary, and seasonal work. This book summarises
insights from the Survey of Young Workers and related research in
the field; and it frames policy and research issues for future
consideration by the Federal Reserve Board and others interested in
young workers.
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