Friday, August 28, 2009

Summer Youth Employment Level Lowest on Record

From April to July 2009, the number of employed youth 16 to 24 years old increased by 1.6 million to 19.3 million according to the Bureau of Labor Statistics.

This year, however, the proportion of young people who were employed in July was 51.4 percent, the lowest July rate on record for the series, which began in 1948. July is the traditional summertime peak for youth employment.

Unemployment among youth increased by 1.1 million between April and July 2009, about the same as in the summer of 2008. 4.4 million youth were unemployed in July, a rate of 18.9 percent (much higher than the nation's 9.4 percent) and also a record high since 1948.

This summer 25 percent of employed youth worked in the leisure and hospitality industry (which includes food services). Another 20 percent worked in the retail trade industry.

Read the full news release for more information about youth employment and unemployment.

In other news : Regional and state unemployment rates were generally little changed in July. Twenty-six states reported over-the-month unemployment rate increases, 17 states and the District of Columbia registered rate decreases, and 7 states had no rate change, according to the Bureau of Labor Statistics this week.

Over the year, jobless rates increased in all 50 states and the District of Columbia. At 9.4 percent in July, the national unemployment rate was little changed from June, but was 3.6 percentage points higher than a year earlier.

In the month of July, Oregon's Unemployment Rate was the fourth highest in the nation - coming in behind Nevada, Rhode Island, and Michigan.

The full news release is available on the BLS website.

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