AUSTIN - The local labor market may get a lot of praise, but for teens and young adults Central Texas does not live up to the hype. Austin’s employment rate for teens and young adults up to age 24 ranks in the bottom half of the country’s top 100 metro areas, according to a report from The Brookings Institute.
In fact, the report says the employment rates for teens and young adults actually decreased in Austin between 2000–2012.
Nationwide, younger workers have seen a similar slide. The national unemployment rate for young adults age 20–24 has risen from just over 5 percent in 2000 to nearly 15 percent in 2011. For teens 16–19, that number has jumped from just over 10 percent in 2000 to nearly 25 percent in 2011.
Read more at the Austin Business Journal.
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