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The youth unemployment rate has more than doubled since 2000, according to a new study by the Massachusetts Budget and Policy Center and the Annie E. Casey Foundation.
In 2011, 13.8 percent, or close to one in seven people ages 16 to 24 were unemployed, compared to 6.7 percent, or one in 15, in 2000. Nationally, the youth unemployment rate was 18.1 percent in July 2011, according to the U.S. Bureau of Labor Statistics' annual survey.
The policy center report said a job market that requires advanced training, along with lingering effects of the recent recession, have combined to give young adults more obstacles to finding a job that they've traditionally faced. However, while the overall unemployment rate has slightly decreased between 2009 and 2011, the unemployment rate for young adults has remained nearly unchanged.
Looking at the employment to population ratio, or share of the population which is employed, the percentage was 48 percent in Massachusetts in 2011, or 405,000 people. That's compared to 2000, when the amount was 59 percent, or 441,000.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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