Avoiding a Lost Generation: How to Minimize the Impact of the Great Recession on Young Workers

Testimony

Avoiding a Lost Generation: How to Minimize the Impact of the Great Recession on Young Workers

Before the Joint Economic Committee of the U.S. Congress
June 24, 2010

Abstract

Expert Harry Holzer testifies that 2009 and 2010 have been among the worst years ever recorded for teen unemployment, averaging 25 percent. Prospects for young African Americans are especially grim, with unemployment around 40 percent. But we can help youth into the labor marketduring the "Great Recession" and beyondthrough an aggressive policy agenda. Existing programs that could be more fully funded are YouthBuild, the Youth Service and Conservation Corps, Year Up, the National Guard Youth ChalleNGe, Gateways, and Youth Opportunities. While these would cost federal funds, the costs of not investing in our vulnerable youth will be far greater.

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