As young Americans all across the country head back to a new school year, I'm excited to say that many more will take with them lessons learned through summer jobs.
Today, the Bureau of Labor Statistics released its annual report on youth employment. The numbers show that while there's still work to be done, opportunities are growing for young people around the country.
It's no secret that the effect s of the 2007 recession had a significant impact on the job prospects for youth, but today's report showed positive signs that job prospects for young people picked up pace in 2012. Between April and July of each year, the youth labor force (16-24 year olds working or actively looking for a job) grows significantly, as large numbers of students take on summer work and new graduates enter the job market. So July traditionally marks the peak of youth employment during the year.
Today's report showed that youth employment rose by 2.1 million between April and July 2012, with 19.5 million young people employed last month. That's up from 18.6 million a year ago. The youth unemployment rate showed a significant decline, falling to 17.1% -- a percentage point from last year and down two points from 2010. Meanwhile the share of young people employed in July 2012 climbed back up to 50.2% from its historic low last year.
Youth employment increased across a wide variety of industries including education and health services, manufacturing, transportation and utilities, but there remains much work to be done, especially within communities of color. While the labor force participation rate and employment-to-population ratios for African Americans and Latinos all showed significant improvement from 2011 to 2012, both African American (28.6%) and Latino (18.5%) youth continue to have a much higher unemployment rate than their white counterparts (14.9%).
Earlier this year the president and I both took a stand for the importance of summer employment, launching our Summer Jobs+ initiative. By teaming up with committed businesses, nonprofits and cities around the country, this effort provided more than 300,000 summer job opportunities for low-income and disadvantaged youth, including more than 100,000 paid positions.
Together we're helping young people across the country realize that there's no substitute for the real world experience of work and no replacement for the dignity that comes with earning your first paycheck.
Follow Sec. Hilda Solis on Twitter: www.twitter.com/HildaSolisDOL
Jack Lund: The Road to Youth Employment
http://www.bls.gov/news.release/youth.nr0.htm
BLS Report: "From April to July 2012, the number of employed youth 16 to 24 years old rose 2.1
million to 19.5 million, the U.S. Bureau of Labor Statistics reported today. This
year, the share of young people employed in July was 50.2 percent. (The month of
July typically is the summertime peak in youth employment.)"
The period between April and July was chosen on purpose because that is when temporary summer hires are made. These are not new permanent jobs as Hilis falsely implies.
Even after the summer hires, youth unemployment remains at an all time high for the United States: 49.8%
Now here it is, four years after the meltdown, and STILL all we have from BOTH parties is promises.
America................millions of hard working honest everyday people who CAN'T get a job.
535 "Public employees" being paid over $174,000 a year (plus great benefits) for NOT doing theirs.
Go figure.
Exxon makes money for its employees and shareholders. Government is in the business of applying force and constraining.
Now it is in the business of dividing people.
It's time to speak up NOW. It is time to take back the freedoms our forefathers have shed blood to protect.
It's time for humility from the government. Taking our money, our childrens money (stimulus) to sustain an organism completely out of control is a product of diseased thought and diseased people.
I am not paying for it any more. My last cent was sealed during my trip to Mexico city last week when I saw an ad with our presidents face proclaiming now is the time to get your green cards.
It's over and done for me.
Pack your bags.
In 2006, with a rep prez, house and senate - unemployment was 4.8%
In 2010, with a dem prez, house and senate - unemployment was 9.4%
Bush never had a single month with a unemployment rate over 8%
BO has never had a single month with a unemployment rate below 8%
Meanwhile, we all struggle to make ends meet. Despite the obstacles put forth by "government knows best"
Keep telling yourself that Hilda, maybe it'll come true.
This is politics, not responsible government; color me unimpressed.