Youth Unemployment Rate in the United States decreased to 14.70 percent in August from 18.60 percent in July of 2020.

Youth Unemployment Rate in the United States averaged 11.76 percent from 1948 until 2020, reaching an all time high of 27.40 percent in April of 2020 and a record low of 4.80 percent in May of 1951. This page provides - United States Youth Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Youth Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Youth Unemployment Rate in the United States is expected to be 14.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in the United States to stand at 13.60 in 12 months time. In the long-term, the United States Youth Unemployment Rate is projected to trend around 13.60 percent in 2021 and 11.50 percent in 2022, according to our econometric models.

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United States Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.70 18.60 27.40 4.80 1948 - 2020 percent Monthly
SA

United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 8.40 14.70 2.50 percent [+]
Non Farm Payrolls 661.00 1489.00 4781.00 -20787.00 Thousand [+]
Nonfarm Payrolls Private 877.00 1022.00 4729.00 -19835.00 Thousand [+]
Government Payrolls -216.00 467.00 467.00 -952.00 Thousand [+]
Manufacturing Payrolls 66.00 36.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 787.00 842.00 6867.00 162.00 Thousand [+]
Continuing Jobless Claims 8373.00 9397.00 24912.00 988.00 Thousand [+]
ADP Employment Change 749.00 481.00 4485.00 -19409.00 Thousand [+]
Employed Persons 147563.00 147288.00 158803.00 57172.00 Thousand [+]
Unemployed Persons 12580.00 13550.00 23078.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.30 4.70 -1.30 percent [+]
Average Weekly Hours 34.70 34.60 34.70 33.70 Hours [+]
Labor Force Participation Rate 61.40 61.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.94 0.87 4.40 0.08 percent [+]
Youth Unemployment Rate 14.70 18.60 27.40 4.80 percent [+]
Labour Costs 116.86 114.37 116.86 17.00 points [+]
Productivity 110.95 108.31 110.95 25.99 points [+]
Job Vacancies 6645.00 6949.00 7746.00 2157.00 Thousand [+]
Job Offers 6493.00 6697.00 7520.00 2264.00 Thousand [+]
Challenger Job Cuts 118804.00 115762.00 671129.00 15100.00 Persons [+]
Wages 24.79 24.78 25.12 2.50 USD/Hour [+]
Wages in Manufacturing 22.95 22.73 22.95 1.27 USD/Hour [+]
Wage Growth -0.45 -1.27 13.78 -7.00 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.50 0.80 2.00 0.20 percent [+]
Population 329.13 327.17 329.13 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Employment Rate 56.60 56.50 64.70 51.30 percent [+]
Full Time Employment 122423.00 122369.00 131755.00 64640.00 Thousand [+]
Part Time Employment 25161.00 24973.00 28134.00 10086.00 Thousand [+]
Jobless Claims 4-week Average 811.25 832.75 5790.25 179.00 Thousand [+]