Employment-Population Ratios for Young Workers, 2007-2012
While previous drops in unemployment coincided with workers leaving the labor force, this month is different. In September young people rejoined the labor market. At the same time the proportion of the young adult population who actually held a job increased. Although still far below pre-recession levels, the employment-population ratio for younger workers grew to subsume the losses felt over the languid summer months. Now 61.6 percent of all 20 to 24-year-olds, and 74.9 percent of 25 to 34-year-olds, are employed.
Continue reading Good News For Grads: Youth Employment Up In September