What is the US youth unemployment rate?
What is the US youth unemployment rate?
Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. U.S. youth unemployment rate for 2019 was 8.30%, a 0.22% decline from 2018.
What is the unemployment rate for 18 24 year olds?
| Age, sex, and marital status | 2021 | 2022 |
|---|---|---|
| Jan. | Jan. | |
| 18 to 19 years | 15.9 | 10.2 |
| 20 years and over | 6.1 | 3.8 |
| 20 to 24 years | 10.2 | 8.6 |
What are the causes of youth unemployment?
Inadequate education and lack of productivity is costing jobs. Unemployment increases progressively with decreased educational levels; and the education system is not producing the skills for the labour market. Labour supply is affected by the increase in the number of job seekers over the years.
How is youth unemployment measured?
The main indicator of youth unemployment is the youth unemployment rate for the age group 15-24. For a given age group, it is the number of those unemployed divided by the total number of people in the labour force (employed plus unemployed).
What percent of teens are unemployed?
The unemployment rate for youth was 10.0 percent in July 2021, down considerably from the rate in July 2020 (18.5 percent) but up from July 2019 (9.1 percent).
What age group is most unemployed?
The unemployment rate for people ages 16 to 24 in the United States in 2020 was 14.9 percent. However, this rate was much lower for people aged 45 and over, at 6.7 percent.
Why is youth unemployment a problem?
Having a significant amount of young people out of work can negatively impact a community’s economic growth and development. If left unchecked, youth unemployment can have serious social repercussions because unemployed youth tend to feel left out, leading to social exclusion, anxiety and a lack of hope for the future.
Can 17 year olds work?
By law, workers aged 16 or 17 must not work more than 8 hours a day and 40 hours a week. They must also have, as a minimum: a 30-minute break if their working day is longer than 4.5 hours. 12 hours’ rest in any 24-hour period in which they work (for example, between one working day and the next)
What percentage of teens have jobs 2021?
In July 2021, 54.4 percent of young people (persons ages 16 to 24) were employed, the U.S. Bureau of Labor Statistics reported today.
What generation is most unemployed?
Compared to their older working-age counterparts, Baby Boomers, Gen X, and Millennials (Gen Y)—the most recent 2020 data shows that Gen Z has an unemployment rate of nearly 2x more in almost every OECD country.