Unemployment Level of Young Adults by Age, January 2007 to January 2013

Unemployment Level of Young Adults by Age, January 2007 to January 2013

Unemployment rates held steady for the cohort between ages 25 and 34, coming in at 7.7 percent—just below the national rate of 7.9 percent for the labor force as a whole. The real winners in that story are 25 to 34-year-old men, whose labor force participation rates actually ticked up without adding to the ranks of unemployed.  Women, in contrast, left the market in January.  The labor force participation rate for women 25 to 34 dropped from 74.4 to 73.8 percent but that did not boost the percentage employed, meaning that the cohort lost female workers and jobs last month.  Still, when unemployment among this group hit 7.7 in December it was the lowest point in 5 years.  If 25 to 34-year-olds can hold on to their gains overall—by keeping workers in the labor market without increasing their unemployment rates—they’ll be better positioned to take advantage of the slow growth ahead.  

Continue reading New Year, Same Troubled Labor Market for Young People >>>

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