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Joint Economic Committee Democrats Chairman - Senator Martin Heinrich (D-NM)

Publications

May 26 2010

Understanding the Economy: Unemployment Among Young Workers


The unemployment rate for young workers ages 16-24 has continued to climb, hitting a record high in April 2010, even as the economy has strengthened and added more than 570,000 jobs in the first four months of 2010, according to a new report by the U.S. Congress Joint Economic Committee (JEC).

The report, entitled “Understanding the Economy: Unemployment Among Young Workers,” shows that one in five young workers was unemployed last month, a significant increase from prior to the recession when one in eight young workers was jobless.  The 19.6 percent unemployment rate for young workers ages 16-24 in April 2010 is the highest unemployment rate for this age group since the Bureau of Labor Statistics began tracking unemployment data in 1947.

Click here to read the report.

May 21 2010

Understanding the Economy: State-by-State Snapshot (April Data)


May 2010 (based on April Data)

The U.S. Congress Joint Economic Committee released the May installment of its “Understanding the Economy: State-by-State Snapshots” series,  which provides easy access to the major economic indicators in all 50 states and the District of Columbia in the areas of jobs, unemployment, personal earnings and housing.

Key economic statistics for each state include:

•    Jobs created or lost since the start of the recession;
•    Jobs saved or created by the Recovery Act;
•    Unemployment rates;
•    Per capita earnings; and,
•    The condition of the housing sector.


A link to each state’s report follows:

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The Joint Economic Committee, established under the Employment Act of 1946, was created by Congress to review economic conditions and to analyze the effectiveness of economic policy.
 www.jec.senate.gov