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In July 2008, 3.4 million youth aged 16 to 24 years old were unemployed—not working, but actively looking for work and available to take a job. The youth unemployment rate was 14.0 percent, which was the highest rate for July since 1992.
The increase in youth unemployment in the summer of 2008 partly reflected a weaker job market. The July 2008 unemployment rates for young men (15.0 percent), women (12.8 percent), whites (12.3 percent), blacks (24.8 percent), and Hispanics (16.0 percent) increased from a year earlier. The jobless rate for Asians (8.4 percent) was about unchanged from July 2007.
These data are a product of the Current Population Survey. The data are not seasonally adjusted. Find out more in "Employment and Unemployment Among Youth—Summer 2008," (PDF) (HTML) news release USDL 08-1212.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment among youth, Summer 2008 at https://www.bls.gov/opub/ted/2008/aug/wk4/art05.htm (visited October 30, 2024).