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Teenage unemployment rate - adjusted monthly number in the U.S. August 2020

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 16.1 percent in August 2020. The general unemployment rate by state can be found here, and the annual national unemployment rate can be found here.

Youth unemployment

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 their 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 2009 and 2014, the global youth unemployment rate increased by about 0.1 percent.

Monthly unemployment rate among teenagers in the United States from August 2019 to August 2020

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Source

Release date

September 2020

Region

United States

Survey time period

August 2019 to August 2020

Age group

16-19 years

Supplementary notes

Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. It is normal to report un-adjusted data for current unemployment rates, as these reflect the actual current situation. Seasonally adjusted data may be used for the longer term comparison. Unlike the trend and cyclical components, seasonal components, theoretically, happen with similar magnitude during the same time period each year. The seasonal component of a series are often considered to be uninteresting in their own right and to cause the interpretation of a series to be ambiguous. By removing the seasonal component, it is easier to focus on other components.

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Statistics on "Teenagers in the U.S.: Teenagers & the Economy"

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