Although the September 2013 jobs report was delayed for two and half weeks, thanks to the partial federal government shut down, and though it was considered disappointing by many, we did find something curious in it.
Compared to August 2013, the number of teens counted as having jobs increased by 168,000, while the number of adults Age 25 or older fell by that same number! It's as if only the exit of older workers could make room for the entry of an equal number of teens....
We realize that this could very much be just a one-off anomaly in the household employment survey, which will likely disappear when the household data is revised in 2014, but it is interesting to see in the data.
Meanwhile, according to the jobs report, all of the net gain of 133,000 Americans counted as being employed in September 2013 was confined to the Age 20-24 demographic, which is really impressive since this group accounts for just 9.5% of the 144,303,000 Americans counted as having jobs. By contrast, the U.S. teens whose number of employed increased by 168,000 in the month of September 2013 make up just 3.1% of the employed U.S. civilian labor force.
All in all, September 2013 would appear to have been a good month to be among the 12.6% of the U.S. civilian labor force under Age 25 and looking for work. 301,000 more Americans meeting that description were counted as having jobs in September 2013 than had jobs in August. The remaining 87.4% of the U.S. work force was not so lucky.
It will be interesting to see if the pattern reverses itself with the October jobs report. Or really, the November jobs report, because the partial government shut down in October will affect that month's data.
Labels: jobs
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