Young Adult Employment Report May 2013, Employment Population Ratios by Age
Workers ages 25 to 34 fared much better last month than their younger associates. The unemployment rate for 25 to 34-year-olds dropped to 7.2 percent in May, its lowest point since November of 2008. At the same time, labor force participation held steady, moving up to 81.3 percent. Participation rates for this cohort still stand below where they were at the beginning of 2013 and below their percentage from one year ago. However, with substantial employment gains in May and participation rates roughly unchanged, the employment population ratio for 25 to 34-year-olds climbed to 75.5 – its highest point since December.