Data suggest more opportunities are available to some groups that historically struggled to find jobs.
>Andrew Duehren reports: The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989.
Of Americans between 16 and 24 years old actively looking for work this summer, 9.2% were unemployed in July, the Labor Department said Thursday, a drop from the 9.6% youth unemployment rate in July 2017. It was the lowest midsummer joblessness rate for youth since July 1966.
One of those finding work was Teandre Blincoe, 17, who placed in a job this summer in an information technology division at Humana, a health insurance company based in Louisville, Ky., by KentuckianaWorks, which has partnered with JPMorgan Chase & Co. to place low-income youth in summer jobs.
With his first job under his belt, Mr. Blincoe said he would feel more confident looking for employment in the future. “I have a really solid idea of how I can present myself and actually get a job.”
Low unemployment among young people shows that in a tight labor market more opportunities are opening to groups that historically have struggled to find jobs. Read the rest of this entry »
US labor participation is back to 1978 lows. 62.7% in December. pic.twitter.com/ZpGCcoJWMN
— Matt Phillips (@MatthewPhillips) January 9, 2015
“Native employment has still not returned to pre-recession levels, while immigrant employment already exceeds pre-recession levels.”
“Furthermore, even with recent job growth, the number of natives not in the labor force (neither working nor looking for work) continues to increase.”
[AUDIO] Mad Dogs & Englishmen: Charles Cooke & Kevin Williamson Discuss the Over-Importance of the Presidency, Minimum Wage, and the 2016 Mid-Term ElectionsPosted: February 20, 2014
Charlie Cooke and Kevin Williamson discuss the 2016 midterm elections, the presidency being too important, and the minimum wage.