By USDR
- The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 15.8percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 11.4percent (NSA).
- The declining labor force participation rate has created an additional 1.952 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
- The effective (U-6) unemployment rate for 18-29 year old African-Americans is23.8 percent (NSA); the (U-3) unemployment rate is 19.3 percent (NSA).
- The effective (U-6) unemployment rate for 18-29 year old Hispanics is 16.6percent (NSA); the (U-3) unemployment rate is 12.5 percent (NSA).
- The effective (U-6) unemployment rate for 18-29 year old women is 13.4 percent(NSA); the (U-3) unemployment rate is 9.7 percent (NSA).
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