Summer youth employment hits historic low
WASHINGTON — From April to July 2010, the number of employed youth 16 to 24 years old rose by 1.8 million to 18.6 million, the U.S. Bureau of Labor Statistics reports.
This year, the share of young people who were employed in July was 48.9 percent, the lowest July rate on record for the series, which began in 1948. (The month
of July typically is the summertime peak in youth employment.)
Unemployment among youth increased by 571,000 between April and July , about half as much as in each of the two previous summers. (Because this analysis focuses on the seasonal changes in youth employment and unemployment that occur each spring and summer, the data are not seasonally adjusted.)
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Yarber could be sworn in today as new Jackson mayor
- Silver Airways ordered to continue service
- Pharma Pac lays off rest of workers; could end up owing state
- Ole Miss launches commitment to be 'climate neutral'
- After review, MSU moves forward on new research facility
- Bryant signs controversial abortion ban bill
- SpaceX, Stennis officially open new rocket test stand
- Plans unveiled for large shooting range on Coast