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Contrary to some speculation, the Great Recession did not push high school graduates to "hide out" in college to avoid the weak labor market. That, along with the lack of job opportunity, left many graduates "idle" — not in college and without a job, according to a study by the Economic Policy Institute.

Expand chart
Data: Economic Policy Institute; Note: Data reflects 12-month rolling average of high school graduates age 17–20 who may have previous college experience. "Not employed" includes those who are unemployed and those who are not in the labor force; Chart: Andrew Witherspoon / Axios

Why it matters: Education and/or work experience are the two biggest selling points for employers, which means many of the students who graduated during the recession could face more difficulty in pursuing a career.

Gender gap: Before the recession, women were more likely to be idle than men (though the gap was closing). Right after the recession, men became more likely to be out of a job and not in college.

Race gap: White, black and Hispanic graduates had an increase in idleness after the recession, and only young black graduates returned to where they were before. But while 20.2 percent of young black high school graduates and 17.7 percent of Hispanic graduates are out of school and a job now, only 13.1 percent of white high school graduates are in that situation.

Go deeper

3 hours ago - Politics & Policy

Senate Democrats target billionaires

Illustration: Annelise Capossela/Axios

After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
8 hours ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.