Monthly unemployment rate among teenagers in the United States from July 2013 to July 2014 (seasonally adjusted)
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This statistic displays the seasonally-adjusted unemployment rate among teenagers in the United States on a monthly basis. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. Unemployment among teenagers (16 to 19 years) stood at 20.2 percent in July 2014. The general unemployment rate by state can be found here, the annual national unemployment rate can be found here.
Youth unemployment includes unemployed individuals aged 15 to 24, a typical age range to have either just finished school or graduated and looking for jobs. An unemployed person is someone who is laid off, fired or quits his work and is still looking for a job. Even in healthy economies unemployment occurs. There are many reasons behind the unemployment of young people, for example: an educational system mismatched between academic education and needs in labor markets.
Between 2008 and 2012, the global youth unemployment rate increased about 0.7 percent. The youth unemployment problem is caused by many different reasons and varies across regions. It is obvious that young people without a job must be willing to work and actively seeking for work.
The future perspectives for young people in Greece, Spain and Italy were very difficult in 2012. 73 percent of Greek persons stated that it is very difficult to get a better job and to become wealthier, while 69 percent of Spanish people and 62 percent of Italian people stated the same.
Most of the young unemployed Americans live in Mississippi. The annual average unemployment rate among persons between 16 and 24 in the United States in 2012 stood at 23 percent in Mississippi.
According to the global youth unemployment rates forecast in May 2013, the global youth unemployment rate is estimated to stay at 12.8 percent in 2018. The increase in global youth unemployment rate will be around 0.5 percent from 2011 to 2018.
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