Join experts from the Federal Reserve, the City University of New York (CUNY), and the Aspen Institute in exploring findings from the recent Federal Reserve report on young workers and the labor market.
Young U.S. workers experience higher rates of unemployment than the population as a whole. Nonetheless, they are generally optimistic about their job prospects, according to the Federal Reserve Board's December 2016 report, "Experiences and Perspectives of Young Workers." The report presents data collected through a 2015 survey and provides a snapshot of the educational attainment, employment experience, job market outlook, and financial self-sufficiency of 18- to 30-year-olds.
Findings from the survey include:
- Sixty-one percent of respondents are positive about future employment opportunities, compared with 45 percent in 2013.
- Respondents with postsecondary education and those who are currently employed are more likely to be optimistic about future job opportunities.
- Despite the flexibility of some contingent or contract work, young adults prefer jobs that are permanent and steady. They also prefer steady employment to higher pay.
- Heidi Kaplan, Board of Governors of the Federal Reserve System
- Ofronama Biu, Center for Urban Research, City University of New York
- Amy Blair, Economic Opportunities Program, Aspen Institute Workforce Strategies Initiative
Register for the April 25 webinar, which takes place at 3:00 p.m. ET. Participation is free, but preregistration is required.
The Connecting Communities® webinar series is a Federal Reserve System initiative providing a national audience with timely information on emerging and important community and economic development topics. All sessions are recorded and archived on the Connecting Communities® website.