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Youth labor force participation rate at 59.5% in July 2011 – lowest July rate on record

News release: “From April to July 2011, the number of employed youth 16 to 24 years old rose by 1.7 million to 18.6 million, the U.S. Bureau of Labor Statistics reported today. This year, the share of young people who were employed in July was 48.8 percent, the lowest July rate on record for the series, which began in 1948. (The month of July typically is the summertime peak in youth employment.) Unemployment among youth increased by 745,000 between April and July, more than last year’s increase of 571,000, but well below the levels seen in 2008 and 2009 (1.2 and 1.1 million, respectively). (Because this analysis focuses on the seasonal changes in youth employment and unemployment that occur each spring and summer, the data are not seasonally adjusted.)”

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