According to the U.S. Department of Labor, 3.4 million youth were unemployed and the youth unemployment rate was 14.0 percent for July 2008, the highest rate for July since 1992. As with the decline in employment, the increase in youth unemployment in the summer of 2008 partly reflected a weaker job market. The July 2008 unemployment rates for young men (15.0 percent), women (12.8 percent), whites (12.3 percent), blacks (24.8 percent), and Hispanics (16.0 percent) increased from a year earlier. The jobless rate for Asians (8.4 percent) was unchanged. See the numbers...
Youth in the United States are not alone. The Middle East has the world's highest percentage of young people -- 30 percent of its population -- and the highest percentage of unemployed youths -- 25 percent. In Syria, a country not in the Gulf but representative of the Muslim Middle East overall, 60 percent of unemployed young people said they would rather remain jobless than take a job in the private sector. More>>
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Last research I've found on youth reemployment is from the late eighties:
Using data from the National Longitudinal Survey youth cohort, a model is developed to analyze transition probabilities from nonemployment to employment. The key factors examined include personal characteristics, unemployment income, local demand conditions, and duration dependence. There are significant differences between the labor-market experience of whites and nonwhites, and males and females. Local demand conditions and human capital investments are important determinants of the duration of spells of nonemployment. There appears to be strong evidence of negative duration dependence in reemployment probabilities for both young males and females.
Has anybody seen anything more recent?
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