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+---- Thread: Labor Force Participation Rate for 25-29 Year Olds Hits Record Low (/thread-688610.html)
Labor Force Participation Rate for 25-29 Year Olds Hits Record Low - EverRespect - 05-07-2014 11:43 AM
Quote:he labor force participation rate in April 2014 for Americans ages 25 to 29 hit the lowest level recorded since 1982, when the Bureau of Labor Statistics (BLS) started tracking such data.
The labor force participation rate, which is the percentage of the civilian non-institutional population who participated in the labor force by either having a job during the month or actively seeking one, hit a record low in April 2014 of 79.8%.
In January 1982, when the data were first collected, the labor force participation rate for this group was 80.7%.
![[Image: 25%2029%20Participation%20Rate.jpg]](http://cnsnews.com/sites/default/files/imagecache/large/images/25%2029%20Participation%20Rate.jpg)
![[Image: 25%2029%20Not%20in%20Labor%20Force.jpg]](http://cnsnews.com/sites/default/files/imagecache/large/images/25%2029%20Not%20in%20Labor%20Force.jpg)
http://cnsnews.com/news/article/ali-meyer/labor-force-participation-rate-25-29-year-olds-hits-record-low
So much for the theory that the labor participation phenomenon has to do with boomers retiring en masse.
RE: Labor Force Participation Rate for 25-29 Year Olds Hits Record Low - DrTorch - 05-07-2014 11:49 AM
But teachers and professors are glad to tell you what a great job they're doing.
RE: Labor Force Participation Rate for 25-29 Year Olds Hits Record Low - All Dukes_All Day - 05-07-2014 11:49 AM
There are too many people with college degrees not willing to take low-skill jobs among that age group.
RE: Labor Force Participation Rate for 25-29 Year Olds Hits Record Low - goldenhurricane2 - 05-07-2014 11:57 AM
I graduated with my undergraduate degree in 2009 - I had an extremely hard time finding full time employment for about 6 months.
I was told over and over that many positions had been cut and that I was competing for an entry level college graduate job with individuals who had lost their higher paying jobs - we're taking someone making 6 figures fighting me for a job making $40-45k...
So of course they were going to take years of experience and pay an entry level salary rather than take a chance on a fresh college grad.
The whole situation sucked - luckily I found employment and am doing fine now, but I know several people who graduated with me that are still struggling to find regular full time work. They're still waiting tables, bar tending or trying to go back for more school in hopes that it'll pay off...
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RE: Labor Force Participation Rate for 25-29 Year Olds Hits Record Low - EagleRockCafe - 05-07-2014 12:05 PM
Barry has taught them, "Why Work? Let the Government Take Care of You."
RE: Labor Force Participation Rate for 25-29 Year Olds Hits Record Low - Niner National - 05-07-2014 01:28 PM
(05-07-2014 11:57 AM)goldenhurricane2 Wrote: I graduated with my undergraduate degree in 2009 - I had an extremely hard time finding full time employment for about 6 months.I also graduated in 09. I had issues for about a year. I worked in a call center for a few months, but that was awful, so I went back to the job I had in college selling televisions for Sears. It was commission based + base salary, so I made about $12/hr. Not great, but livable.
I was told over and over that many positions had been cut and that I was competing for an entry level college graduate job with individuals who had lost their higher paying jobs - we're taking someone making 6 figures fighting me for a job making $40-45k...
So of course they were going to take years of experience and pay an entry level salary rather than take a chance on a fresh college grad.
The whole situation sucked - luckily I found employment and am doing fine now, but I know several people who graduated with me that are still struggling to find regular full time work. They're still waiting tables, bar tending or trying to go back for more school in hopes that it'll pay off...
Posted from my mobile device using the CSNbbs App
In May 2010, I moved to the DC area and got a job with a solar energy company working in marketing. I had worked for free for a startup solar company in Charlotte, so that definitely paid off.
I later moved on to another marketing agency specializing in digital marketing, SEO, and web design in Maryland and then helped start up our Charlotte office.
Things didn't start out for me great, but they're going very well now. 2009 was a tough year to graduate. If I hadn't been willing to uproot myself and move 400 miles away, I'd probably still be struggling to find a job with good pay. Charlotte's job market was really, really bad in 2009. If I had stayed here and waited it out, I would have been less attractive than a recent grad by the time the market started getting better.