Summer Youth Employment
Around the world, youth unemployment rates are at or near historic highs – with a slow predicted recovery – including in the United States, where young people are experiencing Depression-era levels of employment. While the economic recession over the last decade left many groups facing declining employment rates, teenagers and young adults have experienced the steepest drop of any age group.footnote 1
BUILDING SKILLS THROUGH SUMMER JOBS: Lessons From The Field
Recognizing the importance of tackling the youth employment crisis and the value of early work experiences, in 2014 we furthered our commitment to workforce readiness by investing $5 million in summer youth employment initiatives in 14 U.S. cities. This commitment builds on New Skills at Work, our five-year, $250 million global workforce readiness initiative, and is a continuation of philanthropic investments the firm has made over the past several years to create work placement programs, mentorships, and skills development opportunities for low-income youth across global markets.
- Andrew Sum, Ishwar Khatiwada, Walter McHugh, Evidence on the Ins and Outs of Summer Teen Employment: Teens Continue to Be Left Out of the Paid Labor Market in the Summer of 2013, Center for Labor Market Studies, Northeastern University (August 2013)