Sunday, May 19, 2013

Latest local news, weather and high school sports from the Midlands

SC has some of the worst youth unemployment
Posted: 10.31.2011 at 1:53 PM
Updated: 11.01.2011 at 8:45 PM
WACH Fox News Center

WACH Fox News Center covers stories around the Midlands and across the state 24 hours a day, seven days a week.

2
The Palmetto State has some of the worst unemployment for 16-24 year-olds in the country.
Photo

COLUMBIA (WACH) -- The Palmetto State has some of the worst unemployment for 16-24 year-olds in the country. That is according to an analysis of data from the Bureau of Labor Statistics by Business Insider.

According to the data, there are 68,000 unemployed youth in South Carolina. The state's average unemployment rate for 16-24 year-olds is 26.4 percent (32.1 percent for 16-19 year-olds and 20.6 percent for 20-24 year-olds). That rate is far higher than the state unemployment rate of 11 percent.

Recent Census data highlights the missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged slump with high unemployment.

"We have a monster jobs problem, and young people are the biggest losers," said Andrew Sum, an economist and director of the Center for Labor Market Studies at Northeastern University. He noted that for recent college grads now getting by with waitressing, bartending and odd jobs, they will have to compete with new graduates for entry-level career positions when the job market eventually does improve.

Related Stories
S.C. unemployment numbers fall slightly
Group has formula on how to find and keep a job
Bridgestone expansion to bring 850+ jobs, $1.2 billion 
Census: Recession taking toll on young adults 

"Their really high levels of underemployment and unemployment will haunt young people for at least another decade," Sum said.

The numbers are just as bad for many of South Carolina's southern neighbors.

Alabama, Florida, Georgia, Kentucky, Mississippi and North Carolina, and all have average youth unemployment rates of more than 20 percent.

Do you think the unemployment issue is being adequately addressed in South Carolina? Leave your thoughts in the comment section below.

(The Associated Press contributed to this report.)

 

Popular Stories
Thumbnail
Magazine lists Sumter as one of the best small cities in US
Thursday, May 16, 2013  |  4 comments
Thumbnail
Woman behind bars after domestic dispute
WACH Fox News Center  |  Yesterday at 2:18 PM
Thumbnail
Medical Examiner's testimony challenges Brett Parker's self-defense claim
Katie McKee  |  Friday, May 17, 2013  |  1 comment
Follow Midlands Connect
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Mission Midlands
A program from the Oliver Gospel Mission
MoneyWACH
Financial tips & tricks from Palmetto Citizens Federal Credit Union
MOJO Gallery
View and share your pictures from around the Midlands
ADVERTISEMENT