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Nearly 20 Percent American Youth Jobless
Nearly 20 Percent American Youth Jobless

Nearly 20 Percent American Youth Jobless

Nearly 20 Percent American Youth Jobless

Unemployment reached a multi-decade low last month, dropping to 3.8%.
One of the segments of the population that usually suffers from very high joblessness, black Americans, had a record low rate of 5.9%.
However, the unemployment rate among young Americans was double the national rate at the worst part of the Great Recession.
It was 19.8% in May, Yahoo reported. Young Americans are categorized as those between 16 and 19 years of age.
Obviously, they are not college educated.
The issue this raises is whether jobs that would normally be held by people with little or no skill are indeed filled.
Normally, these go to the undereducated.
Among the major worker groups, the unemployment rates for adult men (3.5%), blacks (5.9%), and Asians (2.1%) decreased in May.
The jobless rates for adult women (3.3%), teenagers (12.8%), whites (3.5%), and Hispanics (4.9%) changed little over the month.
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.2 million in May and accounted for 19.4% of the unemployed.

 

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