Nonfarm Hires Jump 64.7 Percent from 4.656 Million in Mar 2020 to 7.670
Million in Jun 2020, Higher by 16.8 Percent Than 6.564 Million in Jun 2019 In the Global
Recession, with Output in the US Reaching a High in Feb 2020 (https://www.nber.org/cycles.html), in the Lockdown
of Economic Activity in the COVID-19 Event, Seventeen Million Fewer Full-Time
Jobs Relative to Working Population in the COVID-19 Event, Recovery Without
Hiring in the Lost
Economic Cycle of the Global Recession with Economic Growth Underperforming
Below Trend Worldwide, Youth Unemployment, Middle-Age Unemployment 190.6 Percent
Higher in Jul 2020 Than in Jul 2007 In the Global Recession, with Output in the
US Reaching a High in Feb 2020 (https://www.nber.org/cycles.html), in the Lockdown
of Economic Activity in the COVID-19 Event, Increase of US Consumer Prices at
Annual Equivalent 7.4 Percent in Jul 2020 with Inflation Worldwide, Growth of
US Exports at 9.4 Percent in Jun 2020 and Imports at 4.7 Percent, World
Cyclical Slow Growth, and Government Intervention in Globalization: Part I
Carlos M. Pelaez
© Carlos M. Pelaez, 2009,
2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020.
IA1 Hiring Collapse
IA2 Labor Underutilization
ICA3 Seventeen Million Fewer
Full-time Jobs
IA4 Theory and Reality of Cyclical Slow
Growth Not Secular Stagnation: Youth and Middle-Age Unemployment
IC United
States Inflation
IC Long-term US Inflation
ID Current US Inflation
II United States International Trade
III World Financial Turbulence
IV Global Inflation
V World Economic
Slowdown
VA United States
VB Japan
VC China
VD Euro Area
VE Germany
VF France
VG Italy
VH United Kingdom
VI Valuation of Risk
Financial Assets
VII Economic
Indicators
VIII Interest Rates
IX Conclusion
References
Appendixes
Appendix I The Great Inflation
IIIB Appendix on Safe
Haven Currencies
IIIC Appendix on
Fiscal Compact
IIID Appendix on
European Central Bank Large Scale Lender of Last Resort
IIIG Appendix on Deficit Financing of Growth and the
Debt Crisis
Total nonfarm hiring (HNF),
total private hiring (HP) and their respective rates are in Table I-3 for the
month of Jun in the years from 2001 to 2020. Hiring numbers are in thousands.
There is recovery in HNF from 4307 thousand in Jun 2009 to 4787 thousand in Jun
2010, 5051 thousand in Jun 2011, 5120 thousand in Jun 2012, 5129 thousand in Jun
2013, 5612 thousand in Jun 2014, 5869 thousand in Jun 2015, 6055 thousand in Jun
2016, 6470 thousand in Jun 2017, 6601 thousand in Jun 2018, 6564 in Jun 2019
and 7670 in Jun 2020 for cumulative increase of 78.1 percent at the average
yearly rate of 5.4 percent. HP rose from 3943 thousand in Jun 2009 to 4407
thousand in Jun 2010, 4670 thousand in Jun 2011, 4708 thousand in Jun 2012, 4791
thousand in Jun 2013, 5199 thousand in Jun 2014, 5449 thousand in Jun 2015, 5620
thousand in Jun 2016, 6034 thousand in Jun 2017, 6139 thousand in Jun 2018, 6148
thousand in Jun 2019 and 7338 in Jun 2020 for increase of 86.1 percent at the
average yearly rate of 5.8 percent. HNF has increased from 6192 thousand in Jun
2006 to 7670 thousand in Jun 2020 or by 23.9 percent. HP has increased from 5716
thousand in Jun 2006 to 7338 thousand in Jun 2020 or by 28.4 percent. The
civilian noninstitutional population of the US, or those in condition of
working, rose from 228.671 million in Jun 2006 to 260.204 million in Jun 2020,
by 31.533 million or 13.8 percent. There is often ignored fact that nonfarm
hiring increased by 23.9 percent and private hiring by 28.4 percent while
population available for working increased around 13.8 percent. There is major
deterioration in Mar-Apr 2020 in the global recession, with a peak of economic
activity in the United States reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. Private hiring of 60.450 million in 2006 was equivalent
to 26.4 percent of the civilian noninstitutional population of 228.815, or
those in condition of working, increasing to 65.567 million in 2019 or 25.3
percent of the civilian noninstitutional population of 259.175 million in 2019.
The percentage of hiring in civilian noninstitutional population of 26.4
percent in 2006 would correspond to 68.422 million of hiring in 2019
(0.264x259.175), which would be 2.855 million higher than actual 65.567 million
in 2019. Long-term
economic performance in the United States consisted of trend growth of GDP at 3
percent per year and of per capita GDP at 2 percent per year as measured for
1870 to 2010 by Robert E Lucas (2011May). The economy returned to trend growth
after adverse events such as wars and recessions. The key characteristic of
adversities such as recessions was much higher rates of growth in expansion
periods that permitted the economy to recover output, income and employment
losses that occurred during the contractions. Over the business cycle, the
economy compensated the losses of contractions with higher growth in expansions
to maintain trend growth of GDP of 3 percent and of GDP per capita of 2
percent. Cyclical slow growth over the entire business cycle from IVQ2007 to
the present in comparison with earlier cycles and long-term trend (https://cmpassocregulationblog.blogspot.com/2020/08/contraction-of-united-states-gdp-at-32_57.html and earlier https://cmpassocregulationblog.blogspot.com/2020/06/mediocre-cyclical-united-states.html) explains the fact that there
are many million fewer hires in the US than before the global recession. The
labor market continues to be fractured, failing to provide an opportunity to
exit from unemployment/underemployment or to find an opportunity for
advancement away from declining inflation-adjusted earnings.
Table I-3, US,
Total Nonfarm Hiring (HNF) and Total Private Hiring (HP) in the US in
Thousands and
in Percentage of Total Employment Not Seasonally Adjusted
|
|
HNF |
Rate RNF |
HP |
Rate HP |
|
2001 Jun |
5766 |
4.3 |
5293 |
4.7 |
|
2002 Jun |
5528 |
4.2 |
5106 |
4.6 |
|
2003 Jun |
5348 |
4.1 |
4923 |
4.5 |
|
2004 Jun |
5717 |
4.3 |
5313 |
4.8 |
|
2005 Jun |
6121 |
4.5 |
5711 |
5.0 |
|
2006 Jun |
6192 |
4.5 |
5716 |
4.9 |
|
2007 Jun |
6016 |
4.3 |
5519 |
4.7 |
|
2008 Jun |
5597 |
4.0 |
5166 |
4.4 |
|
2009 Jun |
4307 |
3.3 |
3943 |
3.6 |
|
2010 Jun |
4787 |
3.6 |
4407 |
4.1 |
|
2011 Jun |
5051 |
3.8 |
4670 |
4.2 |
|
2012 Jun |
5120 |
3.8 |
4708 |
4.2 |
|
2013 Jun |
5129 |
3.7 |
4791 |
4.2 |
|
2014 Jun |
5612 |
4.0 |
5199 |
4.4 |
|
2015 Jun |
5869 |
4.1 |
5449 |
4.5 |
|
2016 Jun |
6055 |
4.2 |
5620 |
4.6 |
|
2017 Jun |
6470 |
4.4 |
6034 |
4.8 |
|
2018 Jun |
6601 |
4.4 |
6139 |
4.8 |
|
2019 Jun |
6564 |
4.3 |
6148 |
4.8 |
|
2020 Jun |
7670 |
5.5 |
7338 |
6.3 |
Source: Bureau
of Labor Statistics
Chart I-6
provides total nonfarm hiring monthly from 2001 to 2020. Nonfarm hiring
rebounded in early 2010 but then fell and stabilized at a lower level than the
early peak not-seasonally adjusted (NSA) of 4883 in May 2010 until it surpassed
it with 5051 in Jun 2011 but declined to 3206 in Dec 2012. Nonfarm hiring fell
to 3128 in Dec 2011 from 3956 in Nov 2011 and to revised 3744 in Feb 2012,
increasing to 4288 in Mar 2012, 3206 in Dec 2012 and 4279 in Jan 2013 and
declining to 3737 in Feb 2013. Nonfarm hires not seasonally adjusted increased
to 4274 in Nov 2013 and 3335 in Dec 2013.
Nonfarm hires reached 3822 in Dec 2014, 4136 in Dec 2015 and 3985 in Dec
2016. Nonfarm hires reached 4030 in Dec 2017, 4294 in Dec 2018 and 4407 in Dec
2019. Chart I-6 provides seasonally
adjusted (SA) monthly data. The number of seasonally adjusted hires in Oct 2011
was 4370 thousand, increasing to revised 4560 thousand in Feb 2012, or 4.3
percent, moving to 4452 in Dec 2012 for cumulative increase of 2.2 percent from
4356 in Dec 2011 and 4614 in Dec 2013 for increase of 3.6 percent relative to
4452 in Dec 2012. The number of hires not seasonally adjusted was 5051 in Jun
2011, falling to 3128 in Dec 2011 but increasing to 4250 in Jan 2012 and
declining to 3206 in Dec 2012. The number of nonfarm hiring not seasonally
adjusted fell by 38.1 percent from 5051 in Jun 2011 to 3128 in Dec 2011 and
fell 37.4 percent from 5120 in Jun 2012 to 3206 in Dec 2012 in a yearly-repeated
seasonal pattern. The number of nonfarm hires not seasonally adjusted fell from
5129 in Jun 2013 to 3335 in Dec 2013, or decline of 35.0 percent, showing
strong seasonality. The number of nonfarm hires not seasonally adjusted fell
from 5612 in Jun 2014 to 3822 in Dec 2014 or 31.9 percent. The level of nonfarm
hires fell from 5869 in Jun 2015 to 4136 in Dec 2015 or 29.5 percent. The level
of nonfarm hires not seasonally adjusted fell from 6055 in Jun 2016 to 3985 in
Dec 2016 or 34.2 percent. The level of nonfarm hires not seasonally adjusted
fell from 6470 in Jun 2017 to 4030 in Dec 2017 or 37.7 percent. The level of
nonfarm hires not seasonally adjusted fell from 6601 in Jun 2018 to 4294 in Dec
2018 or 34.9 percent. The level of nonfarm hires not seasonally adjusted fell
from 6564 in Jun 2019 to 4407 in Dec 2019 or 32.9 percent. There is sharp
contraction in Mar-Apr 2020 in the global recession, with output in the US
reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. There is sharp recovery in
May-Jun 2020.
Chart I-6, US, Total Nonfarm Hiring (HNF), 2001-2020 Month SA
Source: Bureau of Labor Statistics
Similar
behavior occurs in the rate of nonfarm hiring in Chart I-7. Recovery in early
2010 was followed by decline and stabilization at a lower level but with
stability in monthly SA estimates of 3.3 in Aug 2011 to 3.3 in Jan 2012,
increasing to 3.4 in May 2012 and stabilizing to 3.3 in Jun 2012. The rate
stabilized at 3.2 in Jul 2012, increasing to 3.3 in Aug 2012 but moving to 3.3
in Dec 2012 and 3.4 in Dec 2013. The rate not seasonally adjusted fell from 3.8
in Jun 2011 to 2.3 in Dec 2011, climbing to 3.8 in Jun 2012 but falling to 2.4
in Dec 2012. The rate of nonfarm hires not seasonally adjusted fell from 3.7 in
Jun 2013 to 2.4 in Dec 2013. The NSA rate of nonfarm hiring fell from 4.0 in Jun
2014 to 2.7 in Dec 2014. The NSA rate fell from 4.1 in Jun 2015 to 2.9 in Dec
2015. The NSA rate fell from 4.2 in Jun 2016 to 2.7 in Dec 2016. The NSA rate
fell from 4.2 in Jun 2016 to 2.7 in Dec 2016. The NSA rate fell from 4.4 in Jun
2017 to 2.7 in Dec 2017. The NSA rate fell from 4.4 in Jun 2018 to 2.8 in Dec
2018. The NSA rate fell from 4.3 in Jun
2019 to 2.9 in Dec 2019. Rates of nonfarm hiring NSA were in the range of 2.8
(Dec) to 4.5 (Jun) in 2006. The rate of nonfarm hiring SA stood at 4.9 in Jun
2020 and at 5.5 NSA in the global recession, with output in the US reaching a
high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event.
Chart I-7, US, Rate Total Nonfarm Hiring, Month SA 2001-2020
Source: Bureau of Labor Statistics
There is only milder
improvement in total private hiring shown in Chart I-8. Hiring private (HP)
rose in 2010 with stability and renewed increase in 2011 followed by almost
stationary series in 2012. The number of private hiring seasonally adjusted
fell from 4159 thousand in Sep 2011 to 4062 in Dec 2011 or by 2.3 percent,
increasing to 4172 in Jan 2012 or increase by 0.3 percent relative to the level
in Sep 2011. Private hiring fell to 4022 in Sep 2012 or lower by 3.3 percent
relative to Sep 2011, moving to 4162 in Dec 2012 for decrease of 0.2 percent
relative to 4172 in Jan 2012. The number of private hiring not seasonally
adjusted fell from 4670 in Jun 2011 to 2949 in Dec 2011 or by 36.9 percent,
reaching 3990 in Jan 2012 or decline of 14.6 percent relative to Jun 2011 and
moving to 3030 in Dec 2012 or 35.6 percent lower relative to 4708 in Jun 2012.
Hires not seasonally adjusted fell from 4791 in Jun 2013 to 3168 in Dec 2013,
or 33.9 percent. The level of private hiring NSA fell from 5199 in Jun 2014 to 3620
in Dec 2014 or 30.4 percent. The level of private hiring fell from 5449 in Jun
2015 to 3914 in Dec 2015 or 28.2 percent. The level of private hiring not
seasonally adjusted fell from 5620 in Jun 2016 to 3789 in Dec 2016 or 32.6
percent. The level of private hiring not seasonally adjusted fell from 6034 in
Jun 2017 to 3822 in Dec 2017 or 36.7 percent. The level of private hiring not
seasonally adjusted fell from 6139 in Jun 2018 to 4087 in Dec 2018 or 33.4
percent. The level of private hiring not seasonally adjusted fell from 6148 in
Jun 2019 to 4199 in Dec 2019 or 31.7 percent. Companies reduce hiring in the
latter part of the year that explains the high seasonality in year-end
employment data. For example, NSA private hiring fell from 5716 in Jun 2006 to
3652 in Dec 2006 or by 36.1 percent. Private hiring NSA data are useful in
showing the huge declines from the period before the global recession. Hiring in the nonfarm sector (HNF) has increased from
64.873 million in 2006 to 69.943 million in 2019 or by 5.070 million while
hiring in the private sector (HP) has increased from 60.540 million in 2006 to
65.567 million in 2019 or by 5.027 million, as shown in Table I-1. The ratio of
nonfarm hiring to employment (RNF) has fallen from 47.5 in 2005 to 46.3 in 2019
and in the private sector (RHP) from 53.2 in 2005 to 51.1 in 2019. Hiring has not recovered as in previous cyclical
expansions because of the low rate of economic growth in the current cyclical
expansion. The civilian noninstitutional population or those in condition to
work increased from 228.815 million in 2006 to 259.175 million in 2019 or by
30.360 million. Hiring has not recovered prerecession levels while needs of
hiring multiplied because of growth of population by more than 30 million.
Private hiring of 60.450 million in 2006 was equivalent to 26.4 percent of the
civilian noninstitutional population of 228.815, or those in condition of
working, increasing to 65.567 million in 2019 or 25.3 percent of the civilian
noninstitutional population of 259.175 million in 2019. The percentage of
hiring in civilian noninstitutional population of 26.4 percent in 2006 would
correspond to 68.422 million of hiring in 2019 (0.264x259.175), which would be
2.855 million higher than actual 65.567 million in 2019.
Chart I-8, US, Total Private Hiring Month SA 2001-2020
Source: Bureau of Labor Statistics
Chart I-9 shows similar behavior in the rate of private hiring.
The rate in 2011 in monthly SA data did not rise significantly above the peak
in 2010. The rate seasonally adjusted decreased from 3.8 in Sep 2011 to 3.7 in
Dec 2011 and reached 3.7 in Dec 2012 and 3.7 in Dec 2013. The rate not
seasonally adjusted (NSA) fell from 3.9 in Sep 2011 to 2.6 in Dec 2011,
increasing to 3.9 in Oct 2012 but falling to 2.7 in Dec 2012 and 3.5 in Mar
2013. The NSA rate of private hiring fell from 4.9 in Jul 2006 to 3.5 in Aug
2009 but recovery was insufficient to only 3.9 in Aug 2012, 2.7 in Dec 2012 and
2.7 in Dec 2013. The NSA rate increased to 3.2 in Dec 2015 and 3.1 in Dec 2016,
3.0 in Dec 2017, 3.2 in Dec 2018 and 3.2 in Dec 2019.
Chart I-9, US, Rate Total Private Hiring Month SA 2001-2020
Source: Bureau of Labor Statistics
Chart I-21B
provides the civilian labor force of the US ages 16 to 24 years NSA from 2001
to 2018. The US civilian labor force ages 16 to 24 years fell from 24.339
million in Jul 2007 to 23.506 million in Jul 2013, by 0.833 million or decline
of 3.4 percent, while the civilian noninstitutional population NSA increased from 37.443
million in Jul 2007 to 38.861 million in Jul 2013, by 1.418 million or 3.8
percent. The US civilian labor force ages 16 to 24 fell from 22.801 million in
Aug 2007 to 22.089 million in Aug 2013, by 0.712 million or 3.1 percent, while
the noninstitutional population for ages 16 to 24 years increased from 37.455
million in Aug 2007 to 38.841 million in Aug 2013, by 1.386 million or 3.7
percent. The US civilian labor force ages 16 to 24 years fell from 21.917
million in Sep 2007 to 21.183 million in Sep 2013, by 0.734 million or 3.3
percent while the civilian noninstitutional youth population increased from
37.467 million in Sep 2007 to 38.822 million in Sep 2013 by 1.355 million or
3.6 percent. The US civilian labor force fell from 21.821 million in Oct 2007
to 21.003 million in Oct 2013, by 0.818 million or 3.7 percent while the
noninstitutional youth population increased from 37.480 million in Oct 2007 to
38.804 million in Oct 2013, by 1.324 million or 3.5 percent. The US youth
civilian labor force fell from 21.909 million in Nov 2007 to 20.825 million in
Nov 2013, by 1.084 million or 4.9 percent while the civilian noninstitutional
youth population increased from 37.076 million in Nov 2006 to 38.798 million in
Nov 2013 or by 1.722 million. The US youth civilian labor force fell from
21.684 million in Dec 2007 to 20.642 million in Dec 2013, by 1.042 million or
4.8 percent, while the civilian noninstitutional population increased from
37.518 million in Dec 2007 to 38.790 million in Dec 2013, by 1.272 million or
3.4 percent. The youth civilian labor force of the US fell from 21.770 million
in Jan 2007 to 20.423 million in Jan 2014, by 1.347 million or 6.2 percent
while the youth civilian noninstitutional population increased 37.282 million
in Jan 2007 to 38.770 million in Jan 2014, by 1.488 million or 4.0 percent. The
youth civilian labor force of the US fell 1.255 million from 21.645 million in
Feb 2007 to 20.390 million in Feb 2014 while the youth civilian
noninstitutional population increased 1.464 million from 37.302 million in Feb
2007 to 38.766 million in Feb 2014. The youth civilian labor force of the US
fell 0.693 million from 21.634 million in Mar 2007 to 20.941 million in Mar
2014 or 3.2 person while the youth noninstitutional civilian population 1.437
million from 37.324 million in Mar 2007 to 38.761 million in Mar 2014 or 3.9
percent. The US youth civilian labor force fell 981 thousand from 21.442
million in Apr 2007 to 20.461 million in Apr 2014 while the youth civilian
noninstitutional population increased from 37.349 million in Apr 2007 to 38.759
million in Apr 2014 by 1.410 thousand or 3.8 percent. The youth civilian labor
force decreased from 21.659 million in May 2007 to 21.160 million in May 2014
by 499 thousand or 2.3 percent while the youth civilian noninstitutional
population increased 1.370 million from 37.739 million in May 2007 to 38.749
million in May 2007 or by 2.7 percent. The youth civilian labor force decreased
from 24.128 million in Jun 2006 to 22.851 million in Jun 2014 by 1.277 million
or 5.3 percent while the civilian noninstitutional population increased from
36.943 million in Jun 2006 to 38.740 million in Jun 2014 by 1.797 million or
4.9 percent. The youth civilian labor force fell from 24.664 million in Jul
2006 to 23.437 million in Jul 2014 while the civilian noninstitutional
population increased from 36.989 million in Jul 2006 to 38.735 million in Jul
2014. The youth civilian labor force fell 1.818 million from 23.634 million in
Aug 2006 to 21.816 million in Aug 2014 while the civilian noninstitutional
population increased from 37.008 million in Aug 2006 to 38.706 million in Aug
2914 or 1.698 million. The youth civilian
labor force fell 0.942 million from 21.901 million in Sep 2006 to 20.959
million in Sep 2014 while the noninstitutional population increased 1.652
million from 37.027 million in Sep 2006 to 38.679 million in Sep 2014. The
youth civilian labor force decreased 0.702 million from 22.105 million in Oct
2006 to 21.403 million in Oct 2014 while the youth civilian noninstitutional
population increased from 37.047 million in Oct 2006 to 38.650 million in Oct
2014 or 1.603 million. The youth civilian labor force decreased 1.111 million
from 22.145 million in Nov 2006 to 21.034 million in Nov 2014 while the youth
civilian noninstitutional population increased from 37.076 million in Nov 2006
to 38.628 million in Nov 2014 or 1.552 million. The youth civilian labor force
decreased 1.472 million from 22.136 million in Dec 2006 to 20.664 million in
Dec 2014 while the youth civilian noninstitutional population increased from
37.100 million in Dec 2006 to 38.606 million in Dec 2014 or 1.506 million. The
youth civilian labor force decreased 0.831 million from 21.368 million in Jan
2006 to 20.555 million in Jan 2015 while the youth noninstitutional population
increased from 36.761 million in Jan 2006 to 38.732 million in Jan 2015 or
1.971 million. The youth civilian labor force decreased 0.864 million from
21.615 million in Feb 2006 to 20.751 million in Feb 2015 while the youth
noninstitutional population increased 1.914 million from 36.791 million in Feb
2006 to 38.705 million in Feb 2015. The youth civilian labor force decreased
0.907 million from 21.507 million in Mar 2006 to 20.600 million in Mar 2015
while the civilian noninstitutional population increased 1.858 million from
36.821 million in Mar 2006 to 38.679 million in Mar 2015. The youth civilian
labor force decreased 1.082 million from 21.498 million in Apr 2006 to 20.416 million
in Apr 2015 while the youth civilian noninstitutional population increased
1.800 million from 36.854 million in Apr 2006 to 38.654 million in Apr 2015. The youth
civilian labor force decreased 0.681 million from 22.023 million in May 2006 to
21.342 million in May 2015 while the
youth civilian noninstitutional population increased 1,733 million from 36.897
million in May 2006 to 38.630 million in May 2015. The youth civilian labor
force decreased 1.202 million from 24.128 million in Jun 2006 to 22.926 million
in Jun 2015 while the youth civilian noninstitutional population increased
1.666 million from 36.943 million in Jun 2006 to 38.609 million in Jun 2015.
The youth civilian labor force decreased 1.502 million from 24.664 million in
Jul 2007 to 23.162 million in Jul 2015 while the youth civilian
noninstitutional population increased 1.600 million from 36.989 million in Jul
2006 to 38.589 million in Jul 2015. The youth civilian labor force decreased
1.667 million from 23.634 million in Aug 2006 to 21.967 million in Aug 2015
while the youth civilian noninstitutional population increased 1.548 million
from 37.008 in Aug 2006 to 38.556 million in Aug 2015. The youth civilian labor
force decreased 1.290 million from 21.901 million in Sep 2006 to 20.611 in Sep
2015 while the youth civilian noninstitutional population increased 1.498
million from 37.027 million in Sep 2006 to 38.525 million in Sep 2015. The
youth civilian labor force decreased 1.228 million from 22.105 million in Oct
2006 to 20.877 million in Oct 2015 while the youth civilian noninstitutional
population increased 1.444 million from 37.047 million in Oct 2006 to 38.491
million in Oct 2015. The youth civilian labor force decreased 1.513 million
from 22.145 million in Nov 2006 to 20.632 million in Nov 2015 while the youth
civilian noninstitutional population increased 1.392 million from 37.076
million in Nov 2006 to 38.468 million in Nov 2015. The youth civilian labor force decreased
1.301 million from 22.136 million in Dec 2006 to 20.835 million in Dec 2015
while the youth civilian noninstitutional population increased 1.341 million
from 37.100 million in Dec 2006 to 38.441 million in Dec 2015. The youth
civilian labor force decreased 1.004 million from 21.368 million in Jan 2006 to
20.364 million in Jan 2016 while the youth civilian noninstitutional population
increased 1.734 million from 36.761 million in Jan 2006 to 38.495 million in
Jan 2016. The youth civilian labor force decreased 0.930 million from 21.615
million in Feb 2006 to 20.685 million in Feb 2016 while the youth civilian
noninstitutional population increased 1.698 million from 36.791 million in Feb
2006 to 38.489 million in Feb 2016. The youth civilian labor force decreased
0.767 million from 21.507 million in Mar 2006 to 20.740 million in Mar 2016
while the youth civilian noninstitutional population increased 1.662 million
from 36.821 million in Mar 2006 to 38.483 million in Mar 2016. The youth
civilian labor force decreased 0.950 million from 21.498 million in Apr 2006 to
20.548 million in Apr 2016 while the youth civilian noninstitutional population
increased 1.626 million from 36.854 million in Apr 2006 to 38.480 million in
Apr 2016. The youth civilian labor force decreased 0.921 million from 22.023
million in May 2006 to 21.102 million in May 2016 while the youth civilian
noninstitutional population increased 1.571 million from 36.897 million in May
2006 to 38.468 million in May 2016. The youth civilian labor force decreased
1.373 million from 24.128 million in Jun 2006 to 22.755 million in Jun 2016
while the youth civilian noninstitutional population increased 1.516 million
from 36.943 million in Jun 2006 to 38.459 million in Jun 2016. The youth
civilian labor force decreased 1.560 million from 24.664 million in Jul 2006 to
23.104 million in Jul 2016 while the youth civilian noninstitutional population
increased 1,461 million from 36.989 million in Jul 2006 to 38.450 million in
Jul 2016. The youth civilian labor force decreased 1.536 million from 23.634
million in Aug 2006 to 22.098 million in Aug 2016 while the youth civilian
noninstitutional population increased 1.414 million from 37.008 million in Aug
2006 to 38.422 million in Aug 2016. The youth civilian labor force decreased
1.082 million from 21.901 million in Sep 2006 to 20.891 million in Sep 2016
while the youth civilian noninstitutional population increased 1.368 million
from 37.027 million in Sep 2006 to 38.395 million in Sep 2016. The youth
civilian labor force decreased 1.315 million from 22.105 million in Oct 2006 to
20.790 million in Oct 2016 while the youth civilian noninstitutional population
increased 1.320 million from 37.047 million in Oct 2006 to 38.367 million in
Oct 2016. The youth civilian labor force decreased 1.410 million from 22.145
million in Nov 2006 to 20.735 million in Nov 2016 while the youth civilian
noninstitutional population increased 1.283 million from 37.076 million in Nov
2006 to 38.359 million in Nov 2016. The youth civilian labor force decreased
1.447 million from 22.136 million in Dec 2006 to 20.689 million in Dec 2016
while the youth civilian noninstitutional population increased 1.248 million
from 37.100 million in Dec 2006 to 38.348 million in Dec 2016. The youth
civilian labor force decreased 0.861 million from 21.368 million in Jan 2006 to
20.507 million in Jan 2017 while the youth civilian noninstitutional population
increased 1.488 million from 36.761 million in Jan 2006 to 38.249 million in
Jan 2017. The youth civilian labor force decreased 0.918 million from 21.615
million in Feb 2006 to 20.697 million in Feb 2017 while the youth civilian
noninstitutional population increased 1.440 million from 36.791 million in Feb
2006 to 38.231 million in Feb 2017. The youth civilian labor force decreased
0.751 million from 21.507 million in Mar 2006 to 20.756 million in Mar 2017
while the youth civilian noninstitutional population increased 1.393 million
from 36.821 million in Mar 2006 to 38.214 million in Mar 2017. The youth
civilian labor force decreased 0.790 million from 21.498 million in Apr 2006 to
20.708 million in Apr 2017 while the youth civilian noninstitutional population
increased 1.343 million from 36.854 million in Apr 2006 to 38.197 million in
Apr 2017. The youth civilian labor force decreased 1.124 million from 22.023
million in May 2006 to 20.899 million in May 2017 while the youth civilian
noninstitutional population increased 1.284 million from 36.897 million in May
2006 to 38.181 million in May 2017. The youth civilian labor force decreased
1.408 million from 24.128 million in Jun 2006 to 22.720 million in Jun 2017
while the youth civilian noninstitutional population increased 1.223 million
from 36.943 million in Jun 2006 to 38.166 million in Jun 2017. The youth
civilian labor force decreased 1.557 million from 24.664 million in Jul 2006 to
23.107 million in Jul 2017 while the youth civilian noninstitutional population
increased 1.163 million from 36.989 million in Jul 2006 to 38.152 million in
Jul 2017. The youth civilian labor force decreased 1.666 million from 23.634
million in Aug 2006 to 21.968 million in Aug 2017 while the youth civilian
noninstitutional population increased 1.120 million from 37.008 million in Aug
2006 to 38.128 million in Aug 2017. The youth civilian labor force decreased
0.904 million from 21.901 million in Sep 2006 to 20.997 million in Sep 2017
while the youth civilian noninstitutional population increased 1.076 million
from 37.027 million in Sep 2006 to 38.103 million in Sep 2017. The youth
civilian labor force decreased 1.284 million from 22.105 million in Oct 2006 to
20.821 million in Oct 2017 while the youth civilian noninstitutional population
increased 1.032 million from 37.047 million in Oct 2006 to 38.079 million in
Oct 2017. The youth civilian labor force decreased 1.652 million from 22.145
million in Nov 2006 to 20.493 million in Nov 2017 while the youth civilian
noninstitutional population increased 0.984 million from 37.076 million in Nov
2006 to 38.060 million in Nov 2017. The youth civilian labor force decreased
1.885 million from 22.136 million in Dec 2006 to 20.251 million in Dec 2017
while the youth civilian noninstitutional population increased 0.938 million
from 37.100 million in Dec 2006 to 38.038 million in Dec 2017. The youth
civilian labor force decreased 0.835 million from 21.368 million in Jan 2006 to
20.533 million in Jan 2018 while the youth civilian noninstitutional population
increased 1.304 million from 36.761 million in Jan 2006 to 38.065 million in
Jan 2018. The youth civilian labor force decreased 0.835 million from 21.368
million in Jan 2006 to 20.533 million in Jan 2018 while the youth civilian
noninstitutional population increased 1.304 million from 36.761 million in Jan
2006 to 38.065 million in Jan 2018. The youth civilian labor force decreased
0.907 million from 21.615 million in Feb 2006 to 20.708 million in Jan 2018
while the youth civilian noninstitutional population increased 1.264 million
from 36.791 million in Feb 2006 to 38.055 million in Feb 2018. The youth
civilian labor force decreased 0.755 million from 21.507 million in Mar 2006 to
20.752 million in Mar 2018 while the youth civilian noninstitutional population
increased 1.225 million from 36.821 million in Mar 2006 to 38.046 million in
Mar 2018. The youth civilian labor force decreased 1.073 million from 21.498
million in Apr 2006 to 20.425 million in Apr 2018 while the youth civilian
noninstitutional population increased 1.185 million from 36.854 million in Apr
2006 to 38.039 million in Apr 2018. The youth civilian labor force decreased
1.244 million from 22.023 million in May 2006 to 20.779 million in May 2018
while the youth civilian noninstitutional population increased 1.126 million
from 36.897 million in Apr 2006 to 38.023 million in Apr 2018. The youth
civilian labor force decreased 1.244 million from 22.023 million in May 2006 to
20.779 million in May 2018 while the youth civilian noninstitutional population
increased 1.126 million from 36.897 million in May 2006 to 38.023 million in
May 2018. The youth civilian labor force decreased 1.488 million from 24.128
million in Jun 2006 to 22.640 million in Jun 2018 while the youth civilian
noninstitutional population increased 1.066 million from 36.943 million in Jun
2006 to 38.009 million in Jun 2018. The youth civilian labor force decreased
1.648 million from 24.664 million in Jul 2006 to 23.016 million in Jul 2018
while the youth civilian noninstitutional population increased 1.008 million
from 36.989 million in Jul 2006 to 37.997 million in Jul 2018. The youth
civilian labor force decreased 2.542 million from 23.634 million in Aug 2006 to
21.092 million in Aug 2018 while the youth civilian noninstitutional population
increased 0.977 million from 37.027 million in Aug 2006 to 37.985 million in
Aug 2018. The youth civilian labor force decreased 1.400 million from 21.901 million
in Sep 2006 to 20.501 million in Sep 2018 while the youth civilian
noninstitutional population increased 0.947 million from 37.027 million in Sep
2006 to 37.974 million in Sep 2018. The youth civilian labor force decreased
1.544 million from 22.105 million in Oct 2006 to 20.561 million in Oct 2018
while the youth civilian noninstitutional population increased 0.915 million
from 37.047 million in Oct 2006 to 37.962 million in Oct 2018. The youth civilian labor force decreased
1.743 million from 22.145 million in Nov 2006 to 20.402 million in Nov 2018
while the youth civilian noninstitutional population increased 0.876 million
from 37.076 million in Nov 2006 to 37.952 million in Nov 2018. The youth
civilian labor force decreased 1.735 million from 22.136 million in Dec 2006 to
20.401 million in Dec 2018 while the youth civilian noninstitutional population
increased 0.840 million from 37.100 million in Dec 2006 to 37.940 million in
Dec 2018. The youth civilian labor force decreased 1.045 million from 21.368
million in Jan 2006 to 20.323 million in Jan 2019 while the youth civilian
noninstitutional population increased 1.038 million from 36.761 million in Jan
2006 to 37.799 million in Jan 2019. The youth civilian labor force decreased
1.252 million from 21.615 million in Feb 2006 to 20.363 million in Feb 2019
while the youth civilian noninstitutional population increased 0.996 million
from 36.791 million in Feb 2006 to 37.787 million in Feb 2019. The youth
civilian labor force decreased 0.951 million from 21.507 million in Mar 2006 to
20.556 million in Mar 2019 while the youth civilian noninstitutional population
increased 0.952 million from 36.821 million in Mar 2006 to 37.773 million in
Mar 2019. The youth civilian labor force decreased 1.212 million from 21.498
million in Apr 2006 to 20.286 million in Apr 2019 while the youth civilian
noninstitutional population increased 0.908 million from 36.854 million in Apr
2006 to 37.762 million in Apr 2019. The youth civilian labor force decreased
1.055 million from 22.023 million in May 2006 to 20.968 million in May 2019
while the youth civilian noninstitutional population increased 0.853 million
from 36.897 million in May 2006 to 37.750 million in May 2019. The youth civilian labor force decreased 1.377 million from
24.128 million in Jun 2006 to 22.751 million in Jun 2019 while the youth
civilian noninstitutional population increased 0.795 million from 36.943
million in Jun 2006 to 37.738 million in Jun 2019. The youth civilian labor
force decreased 1.353 million from 24.664 million in Jul 2006 to 23.311 million
in Jul 2019 while the youth civilian noninstitutional population increased
0.740 million from 36.989 million in Jul 2006 to 37.729 million in Jul 2019.
The youth civilian labor force decreased 1.931 million from 23.634 million in
Aug 2006 to 21.703 million in Aug 2019 while the youth civilian
noninstitutional population increased 0.722 million from 37.008 million in Aug
2006 to 37.730 million in Aug 2019. The youth civilian labor force decreased
1.148 million from 21.901 million in Sep 2006 to 20.753 million in Sep 2019
while the youth civilian noninstitutional population increased 0.705 million
from 37.027 million in Sep 2006 to 37.732 million in Sep 2019. The youth
civilian labor force decreased 1.137 million from 22.105 million in Oct 2006 to
20.968 million in Oct 2019 while the youth civilian noninstitutional population
increased 0.687 million from 37.047 million in Oct 2006 to 37.734 million in
Oct 2019. The youth civilian labor force decreased 1.513 million from 22.145
million in Nov 2006 to 20.632 million in Nov 2019 while the youth civilian
noninstitutional population increased 0.650 million from 37.076 million in Nov
2006 to 37.726 million in Nov 2019. The youth civilian labor force decreased
1.643 million from 22.136 million in Dec 2006 to 20.493 million in Dec 2019
while the youth civilian noninstitutional population increased 0.617 million
from 37.100 million in Dec 2006 to 37.717 million in Dec 2019. The youth
civilian labor force decreased 0.854 million from 21.368 million in Jan 2006 to
20.514 million in Jan 2020 while the youth civilian noninstitutional population
increased 0.758 million from 36.761 million in Jan 2006 to 37.519 million in
Jan 2020. The youth civilian labor force decreased 0.879 million from 21.615
million in Feb 2006 to 20.736 million in Feb 2020 while the youth civilian
noninstitutional population increased 0.721 million from 36.791 million in Feb
2006 to 37.512 million in Feb 2020. The youth civilian labor force decreased
1.440 million from 21.507 million in Mar 2006 to 20.067 million in Mar 2020
while the youth civilian noninstitutional population increased 0.683 million
from 36.821 million in Mar 2006 to 37.504 million in Mar 2020. The youth
civilian labor force decreased 3.569 million from 21.498 million in Apr 2006 to
17.929 million in Apr 2020, in the global recession, with output in the US reaching
a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event, while the youth civilian noninstitutional population
increased 0.643 million from 36.854 million in Apr 2006 to 37.497 million in
Apr 2020. The youth civilian labor force decreased 2.801 million from 22.023
million in May 2006 to 19.922 million in May 2020, in
the global recession, with output in the US reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event, while the youth civilian noninstitutional population
increased 0.591 million from 36.897 million in May 2006 to 37.488 million in
May 2020. The youth civilian labor force decreased 3.059 million from 24.128
million in Jun 2006 to 21.069 million in Jun 2020, in
the global recession, with output in the US reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event, while the youth civilian noninstitutional population
increased 0.536 million from 36.943 million in Jun 2006 to 37.479 million in
Jun 2020. The youth civilian labor force decreased 3.185 million from 24.664
million in Jul 2006 to 21.479 million in Jul 2020, in
the global recession, with output in the US reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event, while the youth civilian noninstitutional population
increased 0.483 million from 36.989 million in Jul 2006 to 37.472 million in Jul
2020. Youth
in the US abandoned their participation in the labor force because of the
frustration that there are no jobs available for them.
Chart I-21B, US, Civilian Labor Force Ages 16 to 24 Years,
Thousands NSA, 2001-2020
Source: US Bureau of Labor Statistics https://www.bls.gov/data/
Chart I-21C provides the ratio of labor force to
noninstitutional population or labor force participation of ages 16 to 24 years
not seasonally adjusted. The US labor force participation rates for ages 16 to
24 years fell from 66.7 in Jul 2006 to 60.5 in Jul 2013 because of the
frustration of young people who believe there may not be jobs available for
them. The US labor force participation rate of young people fell from 63.9 in
Aug 2006 to 56.9 in Aug 2013. The US labor force participation rate of young
people fell from 59.1 percent in Sep 2006 to 54.6 percent in Sep 2013. The US
labor force participation rate of young people fell from 59.7 percent in Oct
2006 to 54.1 in Oct 2013. The US labor force participation rate of young people
fell from 59.7 percent in Nov 2006 to 53.7 percent in Nov 2013. The US labor
force participation rate fell from 57.8 in Dec 2007 to 53.2 in Dec 2013. The
youth labor force participation rate fell from 58.4 in Jan 2007 to 52.7 in Jan
2014. The US youth labor force participation rate fell from 58.0 percent in Feb
2007 to 52.6 percent in Feb 2013. The labor force participation rate of ages 16
to 24 years fell from 58.0 in Mar 2007 to 54.0 in Mar 2014. The labor force
participation rate of ages 16 to 24 years fell from 57.4 in Apr 2007 to 52.8 in
Apr 2014. The labor force participation rate of ages 16 to 24 years fell from
57.9 in May 2007 to 54.6 in May 2014. The labor force participation rate of
ages 16 to 24 years fell from 65.3 in Jun 2006 to 59.0 in Jun 2014. The labor
force participation rate ages 16 to 24 years fell from 66.7 in Jul 2006 to 60.5
in Jul 2014. The labor force participation rate ages 16 to 24 years fell from
63.9 in Aug 2006 to 56.4 in Aug 2014. The labor force participation rate ages
16 to 24 years fell from 59.1 in Sep 2006 to 54.2 in Sep 2014. The labor force
participation rate ages 16 to 24 years fell from 59.7 in Oct 2006 to 55.4 in
Oct 2014. The labor force participation rate ages 16 to 24 years fell from 59.7
in Nov 2006 to 54.5 in Nov 2014. The labor force participation rate ages 16 to
24 fell from 59.7 in Dec 2006 to 53.5 in Dec 2014. The labor force
participation rate ages 16 to 24 fell from 58.1 in Jan 2006 to 53.1 in Jan
2015. The labor force participation rate ages 16 to 24 fell from 58.8 in Feb
2006 to 53.6 in Feb 2015. The labor force participation rate ages 16 to 64 fell
from 58.4 in Mar 2006 to 53.3 in Mar 2015. The labor force participation rate
ages 16 to 64 fell from 58.7 in Apr 2005 to 52.8 in Apr 2006. The labor force
participation rate ages 16 to 64 fell from 59.7 in May 2006 to 55.2 in May
2015. The labor force participation rate ages 16 to 64 fell from 65.3 in Jun
2006 to 59.4 in Jun 2015. The labor force participation rate ages 16 to 24 fell
from 66.7 in Jul 2006 to 60.0 in Jul 2014. The labor force participation rate
ages 16 to 24 fell from 63.9 in Aug 2006 to 57.0 in Aug 2015. The labor force
participation rate ages 16 to 24 fell from 59.1 in Sep 2006 to 53.5 in Sep
2015. The labor force participation rate
ages 16 to 24 fell from 59.7 in Oct 2006 to 54.2 in Oct 2015. The labor force
participation rate ages 16 to 24 fell from 59.7 in Nov 2006 to 53.6 in Nov
2015. The labor force participation rate ages 16 to 24 fell from 59.7 in Dec
2006 to 54.2 in Dec 2015. The labor force participation rate ages 16 to 24 fell
from 58.1 in Jan 2006 to 52.9 in Jan 2016. The labor force participation rate
ages 16 to 24 fell from 58.8 in Feb 2006 to 53.7 in Feb 2016. The labor force
participation rate ages 16 to 24 fell from 58.4 in Mar 2006 to 53.9 in Mar
2016. The labor force participation rate ages 16 to 24 fell from 58.3 in Apr
2006 to 53.4 in Apr 2016. The labor force participation rate ages 16 to 24 fell
from 59.7 in May 2006 to 54.9 in May 2016. The labor force participation rate
ages 16 to 24 fell from 65.3 in Jun 2006 to 59.2 in Jun 2016. The labor force
participation rate ages 16 to 24 fell from 66.7 in Jul 2006 to 60.1 in Jul
2016. The labor force participation rate ages 16 to 24 fell from 63.9 in Aug
2006 to 57.5 in Aug 2016. The labor force participation rate ages 16 to 24 fell
from 59.1 in Sep 2006 to 54.2 in Sep 2016. The labor force participation rate
ages 16 to 24 fell from 59.7 in Oct 2006 to 54.2 in Oct 2016. The labor force
participation rate ages 16 to 24 fell from 59.7 in Nov 2006 to 54.1 in Nov
2016. The labor force participation rate ages 16 to 24 fell from 59.7 in Dec
2006 to 54.0 in Dec 2016. The labor force participation rate ages 16 to 24 fell
from 58.1 in Jan 2006 to 53.6 in Jan 2017. The labor force participation rate
ages 16 to 24 fell from 58.8 in Feb 2006 to 54.1 in Feb 2017. The labor force
participation rate ages 16 to 24 fell from 58.4 in Mar 2006 to 54.3 in Mar
2017. The labor force participation rate
ages 16 to 24 fell from 58.4 in Mar 2006 to 54.3 in Mar 2017. The labor force participation rate ages 16 to
24 fell from 58.3 in Apr 2006 to 54.2 in Apr 2017. The labor force
participation rate ages 16 to 24 fell from 59.7 in May 2006 to 54.7 in May
2017. The labor force participation rate ages 16 to 24 fell from 65.3 in Jun
2006 to 59.5 in Jun 2017. The labor force participation rate ages 16 to 24 fell
from 66.7 in Jul 2006 to 60.6 in Jul 2017. The labor force participation rate
ages 16 to 24 fell from 63.9 in Aug 2006 to 57.6 in Aug 2017. The labor force
participation rate ages 16 to 24 fell from 59.1 in Sep 2006 to 55.1 in Sep
2017. The labor force participation rate ages 16 to 24 fell from 59.7 in Oct
2006 to 54.7 in Oct 2017. The labor
force participation rate ages 16 to 24 fell from 59.7 in Nov 2006 to 53.8 in
Nov 2017. The labor force participation rate ages 16 to 24 fell from 59.7 in
Dec 2006 to 53.2 in Dec 2017. The labor force participation rate ages 16 to 24
fell from 58.1 in Jan 2006 to 53.9 in Jan 2018. The labor force participation
rate ages 16 to 24 fell from 58.8 in Feb 2006 to 54.4 in Feb 2018. The labor force participation rate ages 16 to
24 fell from 58.4 in Mar 2006 to 54.5 in Mar 2018. The labor force
participation rate ages 16 to 24 fell from 58.3 in Apr 2006 to 53.7 in Apr
2018. The labor force participation rate ages 16 to 24 fell from 59.7 in May
2006 to 54.6 in May 2018. The labor force participation rate ages 16 to 24 fell
from 65.3 in Jun 2006 to 59.6 in Jun 2018. The labor force participation rate
ages 16 to 24 fell from 66.7 in Jul 2006 to 60.6 in Jul 2018. The labor force
participation rate ages 16 to 24 fell from 63.9 in Aug 2006 to 55.5 in Aug
2018. The labor force participation rate ages 16 to 24 fell from 59.1 in Sep
2006 to 54.0 in Sep 2018. The labor force participation rate ages 16 to 24 fell
from 59.7 in Oct 2006 to 54.2 in Oct 2018. The labor force participation rate
ages 16 to 24 fell from 59.7 in Nov 2006 to 53.8 in Nov 2018. The labor force participation rate ages 16 to
24 fell from 59.7 in Dec 2006 to 53.8 in Dec 2018. The labor force
participation rate ages 16 to 24 fell from 58.1 in Jan 2006 to 53.8 in Jan
2019. The labor force participation rate ages 16 to 24 fell from 58.8 in Feb
2006 to 53.9 in Feb 2019. The labor force participation rate ages 16 to 24 fell
from 58.4 in Mar 2006 to 54.4 in Mar 2019. The labor force participation rate
ages 16 to 24 fell from 58.3 in Apr 2006 to 53.7 in Apr 2019. The labor force
participation rate ages 16 to 24 fell from 59.7 in May 2006 to 55.5 in May
2019. The labor force participation rate ages 16 to 24 fell from 65.3 in Jun
2006 to 60.3 in Jun 2019. The labor force participation rate ages 16 to 24 fell
from 66.7 in Jul 2006 to 61.8 in Jul 2019. The labor force participation rate
ages 16 to 24 fell from 63.9 in Aug 2006 to 57.5 in Aug 2019. The labor force
participation rate ages 16 to 24 fell from 59.1 in Sep 2006 to 55.0 in Sep
2019. The labor force participation rate ages 16 to 24 fell from 59.7 in Oct
2006 to 55.6 in Oct 2019. The labor force participation rate ages 16 to 24 fell
from 59.7 in Nov 2006 to 54.7 in Nov 2019. The labor force participation rate
ages 16 to 24 fell from 59.7 in Dec 2006 to 54.3 in Dec 2019. The labor force
participation rate ages 16 to 24 fell from 58.1 in Jan 2006 to 54.7 in Jan
2020. The labor force participation rate
ages 16 to 24 fell from 58.8 in Feb 2006 to 55.3 in Feb 2020. The labor force
participation rate ages 16 to 24 fell from 58.4 in Mar 2006 to 53.5 in Mar
2020. The labor force participation rate ages 16 to 24 fell from 58.3 in Apr
2006 to 47.8 in Apr 2020 in the global recession, with output in the US reaching
a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. The labor force participation rate ages 16 to 24
fell from 59.7 in May 2006 to 51.3 in May 2020 in the global recession, with
output in the US reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. The labor force participation rate ages 16 to 24
fell from 65.3 in Jun 2006 to 56.2 in Jun 2020 in the global recession, with
output in the US reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. The labor force participation rate ages 16 to 24
fell from 66.7 in Jul 2006 to 57.3 in Jul 2020 in the global recession, with
output in the US reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. Many young people abandoned searches for employment,
dropping from the labor force.
Chart I-21C, US, Labor Force Participation Rate Ages 16 to 24
Years, NSA, 2001-2020
Source: US Bureau of Labor Statistics https://www.bls.gov/data
An important
measure of the job market is the number of people with jobs relative to
population available for work (civilian noninstitutional population) or
employment/population ratio. Chart I-21D provides the employment population
ratio for ages 16 to 24 years. The US employment/population ratio NSA for ages
16 to 24 years collapsed from 59.2 in Jul 2006 to 50.7 in Jul 2013. The
employment population ratio for ages 16 to 24 years dropped from 57.2 in Aug
2006 to 48.0 in Aug 2013. The employment population ratio for ages to 16 to 24
years declined from 52.9 in Sep 2006 to 46.5 in Sep 2013. The employment
population ratio for ages 16 to 24 years fell from 53.6 in Oct 2006 to 46.3 in
Oct 2013. The employment population ratio for ages 16 to 24 years fell from
53.7 in Nov 2007 to 46.7 in Nov 2013. The US employment population ratio for
ages 16 to 24 years fell from 51.6 in Dec 2007 to 46.7 in Dec 2013. The US
employment population ratio fell from 52.1 in Jan 2007 to 44.8 in Jan 2014. The
US employment population ratio for ages 16 to 24 fell from 52.0 in Feb 2007 to
44.8 in Feb 2014. The US employment population ratio for ages 16 to 24 years
fell from 52.3 in Mar 2007 to 46.3 in Mar 2014. The US employment population
ratio for ages 16 to 24 years fell from 51.9 in Apr 2007 to 46.5 in Apr 2014.
The US employment population ratio for ages 16 to 24 years fell from 52.1 in
May 2007 to 47.3 in May 2014. The US employment population ratio for ages 16 to
24 years fell from 57.6 in Jun 2006 to 50.1 in Jun 2014. The US employment
population ratio for ages 16 to 24 years fell from 59.2 in Jul 2006 to 50.1 in
Jul 2014. The employment population ratio for ages 16 to 24 years fell from
57.2 in Aug 2006 to 49.0 in Aug 2014. The employment population ratio for ages
16 to 24 fell from 52.9 in Sep 2006 to 46.8 in Sep 2014. The employment
population ratio for ages 16 to 24 fell from 53.6 in Oct 2006 to 48.6 in Oct
2014. The employment population ratio for ages 16 to 24 fell from 53.7 in Nov
2006 to 48.1 in Nov 2014. The employment population ration for ages 16 to 24
fell from 54.3 in Dec 2006 to 47.5 in Dec 2014. The employment population
ration for ages 16 to 24 years fell from 51.7 in Jan 2006 to 46.2 in Jan 2015.
The employment population ratio for ages 16 to 24 fell from 52.1 in Feb 2006 to
47.1 in Feb 2015. The employment population ratio for ages 16 to 24 years fell
from 52.4 in Mar 2006 to 46.7 in Mar 2015. The employment population ratio for
ages 16 to 24 years fell from 52.7 in Apr 2006 to 47.2 in Apr 2015. The
employment population ratio for ages 16 to 24 fell from 53.6 in May 206 to 48.4
in May 2015. The employment population ratio for ages 16 to 24 fell from 57.6
in Jun 2006 to 51.3 in Jun 2015. The employment population ratio for ages 16 to
24 fell from 59.2 in Jul 2006 to 52.7 in Jul 2015. The employment population
ratio for ages 16 to 24 fell from 57.2 in Aug 2006 to 50.8 in Aug 2015. The
employment population ratio for ages 16 to 24 years fell from 52.9 in Sep 2006
to 47.6 in Sep 2015. The employment population ratio for ages 16 to 24 years
fell from 53.6 in Oct 2006 to 48.5 in Oct 2015. The employment population ratio
for ages 16 to 24 years fell from 53.7 in Nov 2006 to 48.1 in Nov 2015. The
employment population ratio for ages 16 to 24 years fell from 54.3 in Dec 2006
to 48.7 in Dec 2015. The employment population ratio for ages 16 to 24 years
fell from 51.7 in Jan 2006 to 47.2 in Jan 2016. The employment population
ration for ages 16 to 24 years fell from 52.1 in Feb 2006 to 48.0 in Feb 2016.
The employment population ratio for ages 16 to 24 fell from 52.4 in Mar 2006 to
48.3 in Mar 2016. The employment population ratio for ages 16 to 24 fell from
52.7 in Apr 2006 to 48.1 in Apr 2016. The employment population ratio for ages
16 to 24 fell from 53.6 in May 2006 to 49.1 in May 2016. The employment
population ratio for ages 16 to 24 fell from 57.6 in Jun 2006 to 51.9 in Jun
2016. The employment population ratio for ages 16 to 24 fell from 59.2 in Jul
2006 to 53.2 in Jul 2016. The employment population ratio for ages 16 to 24
fell from 57.2 in Aug 2006 to 51.7 in Aug 2016. The employment population ratio
for ages 16 to 24 fell from 52.9 in Sep 2006 to 48.7 in Sep 2016. The
employment population ratio for ages 16 to 24 fell from 53.6 in Oct 2006 to
48.7 in Oct 2016. The employment population ratio for ages 16 to 24 fell from
53.7 in Nov 2006 to 49.0 in Nov 2016. The employment population ratio for ages
16 to 24 fell from 54.3 in Dec 2006 to 49.1 in Dec 2016. The employment
population ratio for ages 16 to 24 fell from 51.7 in Jan 2006 to 47.9 in Jan
2017. The employment population ratio for ages 16 to 24 fell from 52.1 in Feb
2006 to 48.7 in Feb 2017. The employment population ratio for ages 16 to 24
fell from 52.4 in Mar 2006 to 49.5 in Mar 2017. The employment population ratio
for ages 16 to 24 fell from 52.7 in Apr 2006 to 49.6 in Apr 2017. The
employment population ratio for ages 16 to 24 fell from 53.6 in May 2006 to
49.9 in May 2017. The employment population ratio for ages 16 to 24 fell from
57.6 in Jun 2006 to 53.3 in Jun 2017. The employment population ratio for ages
16 to 24 fell from 59.2 in Jul 2006 to 54.8 in Jul 2017. The employment
population ratio for ages 16 to 24 fell from 57.2 in Aug 2006 to 52.6 in Aug
2017. The employment population ratio for ages 16 to 24 fell from 52.9 in Sep
2006 to 50.2 in Sep 2017. The employment population ratio for ages 16 to 24
fell from 53.6 in Oct 2006 to 49.9 in Oct 2017. The employment population ratio
for ages 16 to 24 fell from 53.7 in Nov 2006 to 49.0 in Nov 2017. The
employment population ratio for ages 16 to 24 fell from 54.3 in Dec 2006 to
48.9 in Dec 2017. The employment population ratio for ages 16 to 24 fell from
51.7 in Jan 2006 to 48.6 in Jan 2018. The employment population ratio for ages
16 to 24 fell from 52.1 in Feb 2006 to 49.4 in Feb 2018. The employment
population ratio for ages 16 to 24 fell from 52.4 in Mar 2006 to 50.1 in Mar
2018. The employment population ratio for ages 16 to 24 fell from 52.7 in Apr 2006
to 49.6 in Apr 2018. The employment population ratio for ages 16 to 24 fell
from 53.6 in May 2006 to 49.9 in May 2018. The employment population ratio for
ages 16 to 24 fell from 57.6 in Jun 2006 to 53.5 in Jun 2018. The employment
population ratio for ages 16 to 24 fell from 59.2 in Jul 2006 to 55.0 in Jul
2018. The employment population ratio for ages 16 to 24 fell from 57.2 in Aug
2006 to 51.0 in Aug 2018. The employment population ratio for ages 16 to 24
fell from 52.9 in Sep 2006 to 49.5 in Sep 2018. The employment population ratio
for ages 16 to 24 fell from 53.6 in Oct 2006 to 49.8 in Oct 2018. The employment population ratio for ages 16
to 24 fell from 53.7 in Nov 2006 to 49.6 in Nov 2018. The employment population
ratio for ages 16 to 24 fell from 54.3 in Dec 2006 to 49.5 in Dec 2018. The
employment population ratio for ages 16 to 24 fell from 51.7 in Jan 2006 to
48.4 in Jan 2019. The employment population ratio for ages 16 to 24 fell from
52.1 in Feb 2006 to 48.9 in Feb 2019. The employment population ratio for ages
16 to 24 fell from 52.4 in Mar 2006 to 49.8 in Mar 2019. The employment
population ratio for ages 16 to 24 fell from 52.7 in Apr 2006 to 49.7 in Apr
2019. The employment population ratio for ages 16 to 24 fell from 53.6 in May
2006 to 50.8 in May 2019. The employment population ratio for ages 16 to 24
fell from 57.6 in Jun 2006 to 54.7 in Jun 2019. The employment population ratio
for ages 16 to 24 fell from 59.2 in Jul 2006 to 56.2 in Jul 2019. The
employment population ratio for ages 16 to 24 fell from 57.2 in Aug 2006 to
52.7 in Aug 2019. The employment population ratio for ages 16 to 24 fell from
52.9 in Sep 2006 to 50.7 in Sep 2019. The employment population ratio for ages
16 to 24 fell from 53.6 in Oct 2006 to 51.4 in Oct 2019. The employment
population ratio for ages 16 to 24 fell from 53.7 in Nov 2006 to 50.6 in Nov
2019. The employment population ratio for ages 16 to 24 fell from 54.3 in Dec
2006 to 50.3 in Dec 2019. The employment population ratio for ages 16 to 24
fell from 51.7 in Jan 2006 to 49.7 in Jan 2020. The employment population ratio
for ages 16 to 24 fell from 52.1 in Feb 2006 to 50.9 in Feb 2020. The
employment population ratio for ages 16 to 24 fell from 52.4 in Mar 2006 to
48.2 in Mar 2020. The employment population ratio for ages 16 to 24 fell from
52.7 in Apr 2006 to 35.0 in Apr 2020 in the global recession, with
output in the US reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. The employment population ratio for ages 16 to 24 fell from 53.6
in May 2006 to 38.3 in May 2020 in the global recession, with
output in the US reaching a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. The employment
population ratio for ages 16 to 24 fell from 57.6 in Jun 2006 to 44.2 in Jun
2020 in the global recession, with output in the US reaching
a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. The employment
population ratio for ages 16 to 24 fell from 59.2 in Jul 2006 to 46.7 in Jul
2020 in the global recession, with output in the US reaching
a high in Feb 2020 (https://www.nber.org/cycles.html), in the
lockdown of economic activity in the COVID-19 event. Chart I-21D
shows vertical drop during the global recession without recovery.
Chart I-21D, US, Employment Population Ratio Ages 16 to 24
Years, Thousands NSA, 2001-2020
Source: US
Bureau of Labor Statistics https://www.bls.gov/data/
© Carlos M. Pelaez, 2009,
2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020.
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