Under 25 Unemployment Is 22.9 Percent Instead Of The Official 16.9 Percent, If Adjust For Decline In Labor Force

Posted by Milton Recht:

From The Wall Street Journal, Real Time Economics, "Number of the Week: Youth Unemployment at 22.9%?" by Ben Casselman:

22.9%: The unemployment rate for Americans under age 25, adjusting for the decline in the labor force since the start of the recession.

Perhaps no group has been hit harder by the recession and grinding recovery than the young. The official unemployment rate for those under age 25 is 16.2%, more than double the rate for the population as a whole. In percentage terms, unemployment has fallen far more slowly for young people than for the wider population.

Source: The Wall St Journal, Real Time Economics