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Archives: Progressive Economics

IDEAS

State of Our Union

The Millennial generation, now the largest generation in America, diverges from preceding generations in important ways.  First and foremost, today’s young people are more diverse than any previous generation, with the number of foreign-born 18- to 36-year-olds mirroring trends not seen since ...

IDEAS

Young Money: Year Ends with Mixed Signs From the Economy

The U.S. Bureau of Labor Statistics has released unemployment numbers for the last month of 2017, revealing both positive and troubling signs for the American economy. 148,000 jobs were added in December, with the unemployment rate remaining unchanged at 4.1%. The unemployment rate for young people ...

VOICES

#ResistanceRecap: How Young People Fueled the Resistance in 2017

2017 began on the defensive: Trump took office in January, and within days he had issued an Islamophobic, xenophobic ban on Muslims. The year was anxiety-riddled, with young people, and particularly young immigrants, people of color, and women, never sure when President Trump and his conservative ...

VOICES

Weathering the Storm: How Companies Profit off of Natural Disasters and Young People’s Economic Instability

In 2017, extreme weather disasters were at an all-time high, and young people’s economic stability and ability to cope with those disasters were at an all-time low. As of October 2017, the National Centers for Environmental Information determined that the United States had the most billion-dollar ...

IDEAS

Young Money: In November, Youth Unemployment Rises While Labor Force Participation Falls

In November, the economy added 228,000 jobs and unemployment remained at 4.1 percent, bringing the 2017 year-to-date average to 4.4 percent. Youth unemployment climbed in November to 9.6 percent, up from 9 percent in October. The year-to-date unemployment rate for youth (defined as 16- to ...

VOICES

Congressional GOP Tax and Budget Plans Benefit Wealthiest at the Expense of Vulnerable Young People

House and Senate Republicans are proposing tax plans that will be a disaster for our generation’s pursuit of economic stability. Currently, the House has passed its version of a tax plan, with the Senate set to consider a similar plan and vote on it shortly after Thanksgiving. Because these tax ...

IDEAS

Young Money: Youth Unemployment Rate Continues Downward Trend, Labor Force Participation Rate Remains a Challenge

Today the U.S. Bureau of Labor Statistics released its latest snapshot of the American economy. In October, 261,000 new jobs were added to the economy. The unemployment rate ticked slightly down to 4.1 percent, the lowest since December 2000. Estimates from September were revised, showing that the ...

IDEAS

Young Money: In September, Youth Labor Force Participation Rate Reaches Highest Level In 7 years

In September, the unemployment rate fell 0.2 percentage points to 4.2 percent while the economy lost 33,000 jobs—the first loss in jobs in seven years. Meanwhile, the youth unemployment rate, which tracks just those aged 16 to 24, ticked slightly upward from 8.9 percent in August to 9.1 percent ...

IDEAS

Seeking Sanctuary: How Schools Can Protect and Advocate for Undocumented Students

Generation Progress has identified key policies—based on practices already in place at many schools—all colleges and universities must enact to fully open the gates of higher education to undocumented students.

VOICES

Young And Unionized

Rachel Bryan’s family are fourth generation homeowners in Oakland, California. When Rachel moved to Washington, DC, about a year ago for work, she describes the cross-country change as “taking one for the team.” But she says this while laughing, and talks in such a way that you can tell ...

IDEAS

Young Money: As Summer Ends, Youth Unemployment Falls While Labor Participation Remains Low

In August, the economy added 156,000 jobs, the overall unemployment rate ticked up slightly to 4.4 percent, and the youth unemployment rate fell 0.1 percentage points, to 8.9 percent. This youth unemployment rate—which tracks just 16- to 24-year-olds—is the lowest the youth unemployment rate ...

IDEAS

Young Money: In July, Youth Unemployment Falls But Labor Force Participation Remains Low

In July, the economy added 209,000 jobs and the national unemployment rate fell 0.1 percentage points, to 4.3 percent. The youth unemployment rate (which tracks 16- to 24-year-olds) also fell 0.1 percentage points, to 9 percent flat. This brings the 2017 year-to-date youth unemployment rate to 9.3 ...

VOICES

Millennials and Money

On the first day of my summer internship, our intern coordinator asked us to bring in a voided check in order to route money to our bank accounts. “Voided check? What does that mean?” asked a fellow intern. “You know, it’s a check that has ‘VOID’ written in big letters across the ...

IDEAS

Young Money: Midway Through 2017, Youth Economic Opportunity Still Depends On Race And Ethnicity

Sign up to get each edition of Young Money–our newsletter on Millennials and money–in your inbox every month. June’s youth jobs day numbers show us not just how youth fared this month, but a reflection point for the first half of 2017. As will be discussed, the numbers show that while ...

VOICES

6 Stories That Show Why Student Loan Borrowers Need Protection

Education Secretary Betsy DeVos recently decided to roll back rules designed to help students who have been defrauded by their colleges. While scammed students have continued to request relief processing, no new loan discharges have been approved since January 20. Some borrowers have been waiting ...

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