Analyzing Racial and Ethnic Data in the Survey of Young Workers

Abstract: In November 2014, the Board of Governors of the Federal Reserve System released the initial findings from the Survey of Young Workers. The report focused on the experience and expectations of young adults in light of two substantial changes to the U.S. labor market: increases in globalization and automation that have reduced the availability of well-paid, secure jobs for less-educated persons and a long-run increase in the use of "contingent work" arrangements. Consequently, young adults have experienced higher rates of unemployment and lower rates of labor market participation than the general population for at least 20 years. Key findings in the report included (1) a notable correlation between education and early work experience with upward career mobility and higher pay, (2) a young adult's ability to pay for postsecondary education affects their decision to enroll, and (3) job stability is more important than higher pay among young workers.

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: Reports and Studies

Publication Date: 2015-10

Pages: 16

Note: Survey of Young Workers