Two months ago, we remarked that 1 out of 5 jobs held by teens had disappeared from the U.S. economy since teen employment levels last peaked in June 2006. As of August 2009, nearly 1 out of 4 jobs held by teens have now vanished from the U.S. economy since that peak.
But that's not the only grim milestone for teens these days. Since the current recession began in December 2007, over one million teen jobs have been eliminated, as 1,078,000 fewer teens are now employed as compared to when the level of total employment in the U.S. last peaked in November 2007. Of the total 7,016,000 jobs that have been lost during the recession, teen jobs represent 15.4% of the total, or roughly 1 out of every 6.5 lost jobs.
As a percentage of the entire U.S. workforce, those Age 16-19 have gone from 4.33% in June 2006, when total teen employment last peaked to 3.43% in August 2009. Teens are therefore now nearly 4.5 times more likely to have been impacted by job loss during the recession than their percentage within the workforce would suggest.
Since teen jobs peaked in June 2006 at 6,244,000, the employment figures for August 2009 reveal that 1,461,000 teen jobs have been lost. Of those, 46,000 were lost between June 2006 and the end of that year. The remaining 1.415 million teen jobs have been lost since January 2007, when the U.S. House first passed legislation for increasing the U.S. federal minimum wage. The last increase in the U.S. minimum wage mandated by that legislation took effect during the last week of July 2009.
Hypothetically, with this last minimum wage increase now behind them, teens might soon see their numbers within the U.S. workforce begin to increase, provided no further minimum wage increases are mandated by the federal government anytime soon.
Labels: jobs, minimum wage
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!
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!
This site is primarily powered by:
CSS Validation
RSS Site Feed
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
- Philips 10.5W (65W) BR30 Indoor Flood LED Light Bulb
- Philips 424382 11-watt A19 LED Household Dimmable Light Bulb, Soft White
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.
