Monthly Jobs Added, 2012

Monthly Jobs Added, 2012

Like all workers in July, young adults were not sufficiently enthusiastic about the labor market to continue on a job search in the face of the listless indicators from the months before.  Labor force participation rates dropped for 20 to 24-year-olds to 70.8 percent from 71 percent in June.  Twenty-five to 34-year-olds left in greater numbers, yielding a July labor force participation rate of 81.1 percent, compared to June’s 81.5 percent.   After some promising gains in the beginning of the year, the share of all young adults who hold jobs is again on the decline.  The employment-population ratio for 25 to 34-year-olds is right back where it started in January 2012 at 74.5, with women in this age group seeing their lowest ratio of the year at 67.2 percent and men at 81.9 percent.  For workers ages 20 to 24, the employment population ratio is below its average for the past 12 months at 61.2, with women employed at a ratio of just 59 percent and men at 63.5 percent. 

Continue reading the Young Adult Employment Report for July 2012 >>>