The August jobs report showed the labor market is worsening for younger Americans. The youth unemployment rate jumped to 10.5% in August, the highest since late 2016 save for the pandemic period. The rate has risen by 150 basis points since the start of the year in a possible sign of things to come. Young workers with limited experience tend to take lower-wage jobs and difficulty finding that kind of employment may indicate more stress in the overall labor market.
Dan Shapero, Chief Operating Officer of LinkedIn, examines the key labor force trends playing out on the networking platform. Dan speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.
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