Four telling facts about jobs and wages for young Americans, as explained in this policy brief, suggest a labor market recovery is coming, although it will be gradual and uneven by educational attainment. Young Americans with a postsecondary degree are more likely to be employed, but the nature of their employment suggests they are taking lower-skill jobs at the expense of their less educated peers. However, there are actions policymakers can take to help. Such actions must target those young Americans already graduated from school, as well as those still enrolled in school, and they must work to better align the skills of young Americans with the needs of employers. These action might include: (1) comprehensive education reform; (2) redefining post-secondary education and training; (3) addressing the rising cost of college and student debt; and (4) promoting investment and asset building activities.