Monthly Unemployment Rates by Age, 2012
The proportion of people who couldn’t find work declined across just about every age group in September. In fact, breaking down the unemployment rate by age and sex, women of all ages and men under age 55 had an easier time finding a job last month than in the months before. The falling unemployment rates accompany upward revisions of the past two months’ disappointing job numbers, bringing the estimates for new employment in the economy to nearly 146,000 per month for the third quarter of 2012. Counting those newly employed workers was enough to push the unemployment rate for the entire labor force down to 7.8 – a minor milestone for a labor force in which at least 8 percent of workers were unemployed every month since January 2009.
Continue reading Good News For Grads: Youth Employment Up In September