Youths find some gains in finding summer jobs
Jobs New federal statistics show that summer employment is improving across the United States
The U.S. Bureau of Labor Statistics released its 2014 summer summary on youth employment and unemployment Aug. 13, which showed economical improvements from the same time a year ago.
The number of youth (16 to 24 year olds) who were looking for or hold a job increased by 14.5 percent between April and July to reach a total of 23.4 million in the nation. As the report explained this was due to the fact that during the summer large numbers of high school and college students search for or take summer jobs, and many graduates enter the labor market to look for or begin permanent employment.
Of the 23.4 million youth in the labor force, 20.1 million are employed.
The ratio of employed youth to the total 16- to 24-year-old, non-incarcerated population rose compared to the same time a year ago from 50.7 percent in July 2013 to 51.9 percent this July.
Just more than half of young women (50.1 percent) were employed in July, while 53.6 percent of young men were employed.
The youth unemployment rate for July dropped from 3.8 million unemployed a year ago to 3.4 million this month. The unemployment rate now stands at 14.3 percent.
Of the employed youth 25 percent worked in the leisure and hospitality industry, which includes food services, and 19 percent worked in the retail industry.