One fact about youth unemployment is that in July 2015, the number of unemployed youth in the United States was 2.8 million, down from 3.4 million the previous year, according to the Bureau of Labor Statistics. Typically, the youth labor force grows between April and July every year.Continue Reading
The unemployment rate measures only the amount of people who are out of work and actively looking for a job, says the Fiscal Times. The labor force participation rate is the proportion of the civilian population working or looking and available for work. The youth in these studies are defined as civilians between the ages of 16 to 24. As of 2015, the current rate of youth unemployment is higher than any other segment of the population during the Great Recession.
July 2015 youth unemployment rates were 10.3 percent for whites, 20.7 percent for blacks, 10.7 percent for Asians and 12.7 percent for Hispanics, according to the Bureau of Labor Statistic's Employment and Unemployment Among Youth Summary released in August. The unemployment rate was lower than the previous year at 12.7 percent for young men and 11.7 percent for young women. The youth labor force participation rates were at 60 percent -- almost the same as the previous year. The peak for summer youth labor force participation occurred in July 1989 at 77.5 percent.Learn more about Social Services