The number of employed youth 16 to 24 years old increased by 2.7 million to
21.7 million from April to July 2005, slightly larger than last year's increase
of 2.3 million, according to the Bureau of Labor Statistics of the U.S. Department
of Labor.
For a Limited Time receive a
FREE HR Report "Top 10 Best Practices in HR Management." This comprehensive special report will give you the information you need to know about these current HR challenges and how to most effectively manage them in your workplace.
Download Now
The youth labor force--16- to 24-year-olds working or actively looking
for work--grows sharply between April and July each year. During these
months, large numbers of high school and college students take or search for
summer jobs, and many graduates enter the labor market to look for or to begin
permanent employment. This summer, the youth labor force grew by 3.0 million
to a total of 24.4 million in July.
The July labor force participation rate for youth (the proportion of their
population working or looking for work) was 66.6 percent in 2005.
The July participation rate for youth has been trending down since the early
1990s. The 2005 rate was the lowest for July since 1965.
There were 21.7 million 16- to 24-year-olds employed in July 2005, an increase
of 302,000 from July 2004. Unemployment
In July 2005, 2.7 million youth were unemployed, a decrease of 330,000 from
a year earlier. The youth unemployment rate, 11.0 percent, was down from 12.3
percent in July 2004.