Teen Jobs Plunge in August 2024
The employment situation for U.S. teens significantly worsened in August 2024 with both the number and percentage of working teens within the Age 16-19 population dropping to their lowest level since 2021.
The decline continues a falling trend in teen employment that has taken hold since May 2024, which is very visible in the Bureau of Labor Statistics’ seasonally-adjusted employment figures. Teen employment peaked in May 2024 at 5,871,000 and has since fallen 478,000, or 8.1%, to 5,393,000 in August 2024. Measured as a percentage of the Age 16-19 teen population, the share of working teens has dropped by a seasonally-adjusted 2.8% over the summer of 2024.
Over that same time, the seasonally-adjusted percentage of employed Americans Age 16 and older has been flat, ranging between 60.03% and 60.05% of the Age 16+ population. The declines in teen employment have been offset by a small increase in the numbers of working Americans Age 20 and older.
The negative developments for the teen employment situation matter because teens are the proverbial canaries in the coal mine for the U.S. economy. Compared to older Americans, teens are less educated, less skilled, and have the least experience, which makes them the most marginal members of the U.S. labor force. As such, when the nation’s overall employment situation starts turning for the worse, working teens will often be the first to feel the negative impact.
The following combined set of charts shows these changes and breaks down the changes for the population of older teens (Age 18-19) and younger teens (Age 16-17).
Teen employment also has a strong seasonal component. Teen employment rises sharply in June and July each year during the annual summer break in their schooling, before dropping off in both August and September as school resumes. Since the seasonally adjusted employment figures for teens take that annual pattern into account, the declines this data shows mean that teen employment is falling off much more rapidly than would be considered to be typical.
About the Seasonally-Adjusted Data
Each of the data series presented in these charts receives its own seasonal adjustment. Because of that, the numbers of working teens Age 16-17 and Age 18-19 won’t necessarily add up to the totals shown for the combined Age 16-19 population. If you’re looking for employment figures that do add up, you’ll want to review non-seasonally adjusted data.
References
U.S. Bureau of Labor Statistics. Labor Force Statistics (Current Population Survey – CPS). [Online Database]. Accessed: 14 September 2024.
Image Credit: Microsoft Copilot Designer.. Prompt: “A teenager wearing a hoodie sitting on a box looking at their mobile phone, with a background chart showing a sudden decrease, and the box labeled ‘TEEN JOBS’”.
Source: https://politicalcalculations.blogspot.com/2024/09/teen-jobs-plunge-in-august-2024.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Humic & Fulvic Liquid Trace Mineral Complex
HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary new Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula.
This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting.
Order Your Humic Fulvic for Your Family by Clicking on this Link, or the Banner Below.
Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...
It’s OXYGENATED
It Always Tests at 9.5+ pH
Preservative and Chemical Free
Allergen Free
Comes From a Pure, Unpolluted, Organic Source
Is an Excellent Source for Trace Minerals
Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents
Highly Conductive/Full of Extra Electrons
Is a Full Spectrum Complex
Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.
Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.