Class of 2013: You’re Screwed

A big study released yesterday by the Economic Policy Institute called the “Class of 2013” confirms what you’ve already seen up close: high school and college grads are in serious trouble. Half of all high school grads under 25 are underemployed, while 30% are unemployed; 18% of college grads are not working enough, while 9% are out of work altogether. (Compare that to 5.7% unemployment before the recession started.)

When it comes to Pennsylvania, things are looking a little less bleak. PA’s unemployment rate for the under-25 set stands at 13.4 percent, well below the low-20s numbers you’ll see in the deep South and California. [EPI]