Commissioned and contributed to by JFNYC and authored by James Parrott of Fiscal Policy Institute and Lazar Treschan of Community Service Society, this study investigates the plight of 18- to 24-year-olds in the New York City labor market. The report analyzes current levels and recent trends in the demand for -- and identifies key characteristics of -- the supply of young adult labor. Throughout the analysis, we place particular emphasis on those who are out of school and out of work (OSOW).
The report also provides, through a discussion of key labor market concepts and measurements, insight into how to best understand levels and trends related to young adult employment. Key findings include:
- Young adults as a whole in New York City are working less but receiving more schooling; yet OSOW rates remain high.
- More competition from older workers is making it harder for young workers to find jobs.
- Less educated young workers are finding it harder to progress out of the lowest-paying jobs.
- The recession has led to significant increases in the portion of OSOW young people who are unemployed or discouraged workers, as jobs have become even scarcer for young people.
- Certain communities show alarmingly high concentrations of OSOW youth; 18 of the city’s 55 neighborhoods are home to over half of the city’s OSOW young adults.
- A significant portion of the OSOW population faces major barriers to obtaining and succeeding in employment.
Click here to download the report.