Unexpectedly Intriguing!
February 6, 2012

Now that the U.S. Bureau of Labor Statistics has updated its overall count of the number of employed Americans to incorporate data recorded by the 2010 U.S. Census, with a corresponding surge of 847,000 in the number of individuals counted as being employed in January 2012 as compared to December 2011, we thought we would ask the question: "How well are teens really doing in the U.S. economy?"

Change in Number of Employed by Age Group 
Since Total Employment Peak Reached in November 2007, Through January 2012

The answer: "They're still the most screwed over...."

To see why, we've updated our monthly chart showing the overall change in the number of employed by selected age groupings with the latest data incorporating the BLS' statistical adjustment, which affected all data reported since January 2007.

Here, compared to when total employment in the United States peaked in November 2007 ahead of the December 2007 peak in economic expansion that marks the beginning of the most recent recession, we find that the number of individuals Age 25 or older jumped by 705,000 between the value recorded in December 2011 and January 2012, while the number of young adults between the ages of 20 and 24 counted as having jobs increased by 140,000.

But teens between the ages of 16 and 19 only saw their numbers increase from December 2011 and January 2012 by just 2,000, even with the statistical adjustment!

Teens in January 2012 now represent 31% of all the jobs that have disappeared from the U.S. economy in the years since, with 1,538,000 fewer teens being counted as having jobs today as compared to November 2007. As of January 2012, 4,389,000 teens account for just 3.1% of all employed individuals in the United States.

Meanwhile, young adults between the ages of 20 and 24 now represent 13% of all the jobs that have disappeared from the U.S. economy since November 2007. January 2012's 13,335,000 young adults with jobs represent 9.4% of the 141,637,000 individuals who were counted as being employed during the month.

We should note is that all of the statistical adjustment related to the 2010 U.S. Census was incorporated into the data for January 2012. That will make comparisons between this and later months with data recorded between 2007 and 2011 somewhat of a challenge, which we'll address in the future after we have accumulated several months worth of new data.

Labels:

About Political Calculations



blog advertising
is good for you

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Applications

This year, we'll be experimenting with a number of apps to bring more of a current events focus to Political Calculations - we're test driving the app(s) below!

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

Visitors since December 6, 2004:

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

JavaScript

The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links
Charities We Support
Recommended Reading
Recommended Viewing
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.