American jobs are starting to come back, but youth unemployment is still high. Why it matters: Young people across the country are falling behind because of the pandemic, and they will feel the macroeconomic consequences of these months of pain long after the pandemic is over. […] And 67.3% of 20- and 29-year-olds with bachelor’s degrees were employed in 2020, compared with 76% in 2019. […] The unemployment rate is 10.3% among 20- to 24-year-olds, and 13.3% among 18- to 19-year-olds, compared with the 5.3% unemployment among those over 25. […] And those graduating into the pandemic-era economy may end up taking jobs for lower wages, which can lead to delays in buying cars and homes and starting families.
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