Unexpectedly Intriguing!
July 16, 2013

In June 2013, the number of people Age 16 or older in the United States who were counted as having jobs rose by 160,000 to 144,058,000. The biggest gains were claimed by Americans between the ages of 20 and 24, who saw their numbers in the workforce increase by 193,000 to 13,605,000, while American teenagers between the ages of 16 and 19 saw their seasonally-adjusted number in the workforce rise by just 24,000 to 4,469,000.

Unfortunately, the number of adult Americans (Age 25 and older) who were counted as having jobs fell by 57,000 to 125,984,000 in June 2013, which is why the net change in the number of employed Americans only rose by 160,000 from the previous month.

Our chart below shows the change in the number of employed Americans for each of these age groups since November 2007, which marked the most recent peak for the total number of employed Americans of 146,595,000:

Change in Number of Employed by Age Group Since Total Employment Peak Reached in November 2007 through June 2013

Compared to November 2007, there are 2,537,000 fewer Americans with jobs as of June 2013. Of these, teenagers make up the largest share, with 1,458,000 fewer employed teens making up 57% of the sustained job loss observed since that time. U.S. teens have gone from representing 4.04% of all American workers in November 2007 to just 3.10% in June 2013.

If it helps put the teen employment situation in context, June 2013's seasonally-adjusted increase of 24,000 teens with jobs would, according to the outplacement firm of Challenger, Gray & Christmas, represent the strongest start for teen summer employment in seven years.

To be fair, Challenger, Gray & Christmas' claim would appear to be based on the BLS' non-seasonally adjusted figures, which indicate that some 779,000 U.S. teens found jobs in June 2013. Overall, they claim that 994,000 teens have become employed since the "official" start of the summer jobs season with the Memorial Day holiday weekend in May.

The firm indicates that U.S. teens seeking work will have the best luck in finding summer employment in nontraditional jobs, such as at "trampoline centers, large bowling alleys with arcades, movie theaters offering full-service dining, and pools with water slides".

They also indicate that teens have been competing with older, displaced workers in the economic recovery. What they don't indicate is whether having raised the federal minimum wage by nearly 41% from June 2007 to July 2009 might have negatively affected whether U.S. employers could continue to afford to hire U.S. teens, who represent the least skilled, least educated and least experienced portion of the entire U.S. workforce, at the higher wage levels mandated by the U.S. government or in those states that have set even higher minimum wage levels.

Odd how the seasonally-adjusted total number of employed teenagers just hasn't budged much at all since the U.S. job market absorbed the impact of the last federal minimum wage hike in the months following its implementation, isn't it?

Data Reference

U.S. Bureau of Labor Statistics. June 2013 Employment Situation Report. [PDF Document]. 5 July 2013.

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.