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Jerome posted this previously. Left is the employment rate, right is the unemployed population, both as a fraction of the total number of 15-24s.
I just calculated the equivalent numbers for the US based on the US Dept of Labor 2005 annual statistics US Youth 16-24 in 2005: employed as % of total noninstitutional population 53.9% unemployed as % of total population 6.9% unemployed as percent of labor force (individuals looking for work or employed) 11.3%
Total civilian noninstitutional population 36,674,000 In labor force (looking for work of employed) 22,291,000 Not in labor force 14,383,000 Employed 19,770,000 Unemployed 2,521,000
Note: The population total does not include individuals who are institutionalized or in the military but I ran the numbers with an estimate for the total population in 2005 and even though it seems there were about 4,066,000 individuals in institutions or military in 2005 the percentage remain pretty much the same. For more data from US DOL a good resource is here.
There is also a 2005 report on youth summer employment that gives a feel for the particularities of the youth labor market.
The July labor force participation rate for youth (the proportion of their population working or looking for work) was 66.6 percent in 2005.
There were 21.7 million 16- to 24-year-olds employed in July 2005, an increase of 302,000 from July 2004. The employment-population ratio for youth--the proportion of the 16- to 24-year-old civilian noninstitutional population that was employed--was 59.3 percent in July 2005.
In July 2005, 2.7 million youth were unemployed; this was a decrease of 330,000 from a year earlier. The youth unemployment rate, 11.0 percent, was down from 12.3 percent in July 2004.
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