Paul Solman: North­eastern Uni­ver­sity econ­o­mist Andrew Sum is fea­tured in our youth job­less­ness story on the New­sHour Friday. His full pic­ture of the crisis is essen­tial reading, how­ever, and so we share more of my inter­view with him here. For example, if you are a poor African-​​American high school teenage dropout, your like­li­hood of having a job is – 5 per­cent.

Paul Solman: You have used the term “age twist” to describe today’s job market? What do you mean?

Andrew Sum: What has hap­pened is not a flat trend where every age group is moving up and down together as jobs grow and shrink. The younger you are, the more likely it is that you’ve been thrown out of the labor market. So for 16, 17, 18-​​year-​​olds, their employ­ment rates have dropped to about half what they were a decade ago. Mean­while, people 57 and over are more likely to be working today than they were in 2000. But the younger you are, the more likely it is you’ve been thrown out of the market.

Read the article at PBS NewsHour →