Youth Unemployment: 22.2%

By Michael W. Chapman | November 8, 2013 | 9:07am EST

(AP Photo)

( – While the national unemployment rate is 7.3%, the unemployment rate for young workers, ages 16-19, is more than three times that rate at 22.2%, according to the data released today from the Bureau of Labor Statistics (BLS).

The seasonally adjusted numbers show that for October 2013, the unemployment rate for youth was 22.2%.  That is a slight increase over the September rate of 21.4%.

In the five years that President Barack Obama has served as president, the unemployment rate for workers ages 16-19 has not fallen below 20%. In fact, since his first full month in office in February 2009, the unemployment rate for young workers, the millennial generation, has not fallen below 22% and hit a peak of 27.2% in October 2010.

The business and economic reporting of is funded in part with a gift made in memory of Dr. Keith C. Wold.

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