Youth Unemployment Rate

A Youth Unemployment Rate is an unemployment rate for a young worker population.

• AKA: Young Worker Unemployment Rate.
• Context:
  • It can range from being a High School-Educated Youth Unemployment Rate to being a College-Educated Youth Unemployment Rate.
• Example(s):
  • American Youth Unemployment Rate.
  • Chinese Youth Unemployment Rate.
  • Italian Youth Unemployment Rate.
  • Canadian Youth Unemployment Rate.
  • German Youth Unemployment Rate.
  • …
• Counter-Example(s):
  • Older Person Unemployment Rate.
  • Youth Employment Rate.
• See: Young Unemployed Worker, Youth Labor Participation Rate.

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References

• http://www.dol.gov/odep/categories/youth/youthemployment.htm

2012

• http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Glossary:Youth_unemployment_rate
  • Youth unemployment rate is the percentage of the unemployed in the age group 15 to 24 years old compared to the total labour force (both employed and unemployed) in that age group. However, it should be remembered that a large share of people between these ages are outside the labour market (since many youths are studying full time and thus are not available for work), which explains why youth unemployment rates are generally higher than overall unemployment rates, or those of other age groups.

2011

• Felix Salmon. (2011). “The global youth unemployment crisis." Reuters Blog, December 22, 2011
  • http://blogs.reuters.com/felix-salmon/files/2011/12/dc_13.jpg
  • http://blogs.reuters.com/felix-salmon/files/2011/12/fredgraph.png

• The Economist. (2011). “The Jobless Young - Left Behind." The Economist, Sep 10th 2011
  • The harm today’s youth unemployment is doing will be felt for decades, both by those affected and by society at large
  • In the past five years youth unemployment has risen in most countries in the OECD, a rich-country club (see chart 1). One in five under-25s in the European Union labour force is unemployed, with the figures particularly dire in the south. In America just over 18% of under-25s are jobless; young blacks, who make up 15% of the cohort, suffer a rate of 31%, rising to 44% among those without a high-school diploma (the figure for whites is 24%). Other countries, such as Switzerland, the Netherlands and Mexico, have youth unemployment rates below 10%: but they are rising.

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