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Young Adults Up to Age 34 Were the Hardest Hit in Friday’s Unemployment Report

Age group 25-35 was very hard hit in Friday’s job report. Overall unemployment rose 0.2 percentage points. For age group 25-34 unemployment jumped by 0.4 PP.

Data from BLS, chart by Mish

June to July Rise in Unemployment in Percentage Points (PP)

16-19: +0.3 PP from 12.1% to 12.4%
20-24: +0.2 PP from 7.5% to 7.7%
25-34: +0.4 PP from 4.4% to 4.8%
35-44: -0.1 PP from 3.3% to 3.2%
45-54: +0.2 PP from 2.7% to 2.9%
55+: +0.3 PP from 2.8% to 3.1%
All: +0.2PP from 4.1% to 4.3%

The unemployment rate generally bottomed in April of 2023. So let’s investigate changes since then.

Change in Unemployment by Age Group

Change in the Unemployment Rate Since April 2023

16-19: +3.1 PP from 9.3% to 12.4%
20-24: +2.3 PP from 5.4% to 7.7%
25-34: +1.0 PP from 3.8% to 4.8%
35-44: +0.3 PP from 2.9% to 3.2%
45-54: +0.5 PP from 2.4% to 2.9%
55+: +0.7 PP from 2.4% to 3.1%
All: +0.9 PP from 3.4% to 4.3%
Black: +1.5 PP from 4.8% to 6.3%
White: +0.7 PP from 3.1% to 3.8%
Hispanic: +0.9 PP from 4.4% to 5.3%
Young Adults Up to Age 34 Were the Hardest Hit in Friday’s Unemployment Report
Age group 25-35 was very hard hit in Friday’s job report. Overall unemployment rose 0.2 percentage points. For age group 25-34 unemployment jumped by 0.4 PP.
Data from BLS, chart by Mish
June to July Rise in Unemployment in Percentage Points (PP)
- 16-19: +0.3 PP from 12.1% to 12.4%
- 20-24: +0.2 PP from 7.5% to 7.7%
- 25-34: +0.4 PP from 4.4% to 4.8%
- 35-44: -0.1 PP from 3.3% to 3.2%
- 45-54: +0.2 PP from 2.7% to 2.9%
- 55+: +0.3 PP from 2.8% to 3.1%
- All: +0.2PP from 4.1% to 4.3%
The unemployment rate generally bottomed in April of 2023. So let’s investigate changes since then.
Change in Unemployment by Age Group
Change in the Unemployment Rate Since April 2023
- 16-19: +3.1 PP from 9.3% to 12.4%
- 20-24: +2.3 PP from 5.4% to 7.7%
- 25-34: +1.0 PP from 3.8% to 4.8%
- 35-44: +0.3 PP from 2.9% to 3.2%
- 45-54: +0.5 PP from 2.4% to 2.9%
- 55+: +0.7 PP from 2.4% to 3.1%
- All: +0.9 PP from 3.4% to 4.3%
- Black: +1.5 PP from 4.8% to 6.3%
- White: +0.7 PP from 3.1% to 3.8%
- Hispanic: +0.9 PP from 4.4% to 5.3%

[Salon] Young Adults Up to Age 34 Were the Hardest Hit in Friday’s Unemployment Report

Young Adults Up to Age 34 Were the Hardest Hit in Friday’s Unemployment Report

Young Adults Up to Age 34 Were the Hardest Hit in Friday’s Unemployment Report