Young-adult employment low in state, group reports
Dismal job prospects leave young Americans uncertain about their economic futures, and the unemployment rate among them in Nevada exceeds the national rate, according to the national group Young Invincibles.
“In Nevada, the outlook is bleak,” the group said in a news release, citing joblessness at 17.1 percent for young-adult Nevadans, while those in the same category nationally face a rate of 15.6 percent.
Young Invincibles, with offices in Washington, D.C., and other cities, said it has prepared what it calls a fact sheet about unemployment in the Silver State that illustrates that the proportion of young adults working full time has dropped 19 percent since 2005; the average annual income for Nevadans ages 25-34 has dropped more than $3,200 since 2005; and the state’s employment population ratios for the 18-24 group, compared with others, also has dropped significantly since 2005.
In the latter instance, the group said, the overall share of employed young Nevadans in the 18-24 cohort, compared with the state’s total population, has dropped from 71 percent in 2005 to 56 percent.
Young Invincibles calls itself an organization committed to amplifying the voices of adults 18-34.