Teen unemployment skyrockets
Unemployment reached a 26-year high in the U.S. in October of 10.2 percent, and teenage workers are especially hard hit. Data from the U.S. Department of Labor show that teen unemployment has risen to a record 27.6 percent.
Not only has teen unemployment increased by 33 percent since last October, but the percentage of teens participating in the labor force, those who are looking for a job or currently have one, fell to 36.2 percent, its lowest point since recordkeeping began in 1948.
The hardest hit teenage group is young African-Americans, for whom the unemployment rate rose to 41.3 percent, an increase of nearly 28 percent from 2008, and over 4 times the national average.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Retired judge to hear McDaniel's challenge of primary loss to Cochran
- PSC's Brandon Presley calls in-state nuclear waste dump a 'harebrained scheme'
- Former DMR manager pleads guilty to embezzlement
- State's jobless rate remains highest in U.S.
- GOLF ranks state's courses; Fallen Oaks, Dancing Rabbit make top 100
- Officials set hunting dates for birds; expands dove season by 20 days
- Court ruling on Section 42 leaves taxpayers on hook for tax repayments
- Wisconsin man pleads guilty to illegal wildlife trapping
- Jackson air fares among most expensive in the nation