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Article: Comparing the labor market success of young adults from two generations.(job market worse for young adults now compared to 1970's and 1980's)
- Article from:
- Monthly Labor Review
- Article date:
- February 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Contrary to the expectations of some labor market analysts, young adults born during the "baby bust" have thus far been less successful, in terms of earnings and other labor market measures, than their "baby-boom" counterparts
The post-World War II "baby boom," characterized by high fertility rates from 1946 to 1964, put a stamp on the social, political, and economic landscape of the Nation that is likely to last well into the next century. Seventy-six million babies were born over the 19-year period, or about 4 million per year. Because the baby-boom generation is so large relative to the generations directly before and after it, as its members progress through ...
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... ... older are part of the labor force, whereas only 34 percent were in 1950. In 1992 ... 127 million, or 66 percent, were in the labor force. In 2005, the total ... increase, reaching 69 percent. Growth Labor force growth from 1992 to ...
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