April 2012 Unemployment Rates By Age

April 2012 Unemployment Rates By Age

With a smaller decline in labor force participation than the population overall and a positive change in employment level, for the first time since July of 2008 this group is not experiencing higher unemployment rates than the economy as a whole.  That sounds like good news, but 8.1 percent unemployment translates to 2.7 million 25- to 34-year-olds searching for jobs without success.  It is, however, a better showing than even younger workers, who experienced both a drop in employment level and a decline in labor force participation greater than the national rate.  Because of these trends, among 20- to 24-year-olds the unemployment rate remained a disheartening 13.2 percent.

Continue reading Catherine Ruetschlin's analysis of the young adult employment situation for April 2012 at PolicyShop >>>