That’s the share of the nation’s net decline in full-time jobs among workers under age 25, according to the Bureau of Labor Statistics.
Youth employment is an issue in the presidential election between President Barack Obama and Republican challenger Mitt Romney. Obama won about two-thirds support of 18-to-29 voters in the 2008 election, though he may find it more challenging to retain that level of backing amid a sluggish economic recovery.
Bloomberg’s Mike Dorning writes about the challenges facing young workers, and the political repercussions for Obama, in a story that notes that one in six 16- to 24-year-olds last year neither worked nor attended school.
Obama is “detached and distant” from the economic concerns of average Americans, Romney said today in New Hampshire, one of about 10 closely contested states that will decide the November election. Bloomberg’s Lisa Lerer has the story.
Romney’s New Hampshire appearance marked the start of a five-day, six-state bus tour that will also take the former Massachusetts governor to Pennsylvania, Ohio, Wisconsin, Iowa and Michigan. Obama won all six states in 2008, with margins of victory ranging from 4.6 percentage points in Ohio to 16.5 percentage points in Michigan. Lerer has more about Romney’s road trip.