Employment Rate For 16 To 24 Yr. olds Falls To 50%
Bad statistics for summer employment for youth
By Diane Stafford
The share of young people aged 16 to 24 who were employed this summer fell to 48.9 percent — the lowest rate on record since 1948.
Meanwhile, the raw number of youth who held jobs in July 2010 actually rose by 1.8 million from July 2009 to 18.6 million.
But as a percentage of the population, the share of workers in that age group fell, according to annual data from the U.S. Bureau of Labor Statistics, released today.
The youth employment rate always rises in the summer — and it went up this year by 571,000 from April. But that was half as much as in each of the two previous summers, the bureau said.