Labor Force Participation Rates by Age and Sex,2012

Labor Force Participation Rates by Age and Sex,2012

Young adults, like the workforce overall, saw unemployment rates decline in November as new hiring outstripped population growth and a swath of unemployed simultaneously left the market.  After a year of fluctuations, labor force participation rates for 20 to 24-year-olds and 25 to 34-year-olds remain just below their averages for 2011.  That means that the year thus far has not offered the Millennial workforce enough opportunity to draw them into the labor market and move the generation any closer toward pre-recession normalcy.  Labor force participation rates among 20 to 24-year-olds stood at 71 percent in November, down from 71.2 percent the month before.  Twenty-five to 34-year-olds experienced even greater drops, moving from 82 percent in October to 81.6 percent last month.  Among these young adults only women in the younger age group—ages 20 to 24—managed to hold on to the momentum they’d accumulated over the autumn, increasing labor force participation by 0.3 percent.  But while this portion of the population gained, all others—men in the age group and both men and women in the older cohort—saw declines big enough to offset the increase and lead to a decline in the overall labor force participation rate for the month. 

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