United States Youth Unemployment Rate - Forecast

Youth Unemployment Rate in the United States is expected to be 9.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in the United States to stand at 9.50 in 12 months time. In the long-term, the United States Youth Unemployment Rate is projected to trend around 10.50 percent in 2020, according to our econometric models.


United States Youth Unemployment Rate
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United States Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.1 4.1 4.2 4 4 4.2
Non Farm Payrolls 200 190 170 145 165 170
Nonfarm Payrolls Private 196 175 165 155 147 115
Government Payrolls 4 12.63 13.55 13.45 12 11
Manufacturing Payrolls 15 9.57 11.62 -5.81 10 -2
Initial Jobless Claims 230 236 247 258 268 335
Continuing Jobless Claims 1942 1955 1985 2014 2041 2314
ADP Employment Change 234 220 197 178 160 150
Employed Persons 154430 154619 154845 154931 154956 154000
Unemployed Persons 6684 6756 6878 6980 7073 7831
Average Hourly Earnings 0.3 0.3 0.23 0.21 0.2 0.2
Average Weekly Hours 34.3 34.38 34.37 34.36 34.36 34.34
Labor Force Participation Rate 62.7 62.7 62.71 62.72 62.74 62.86
Long Term Unemployment Rate 0.88 1.05 1.05 0.8 0.9 1.1
Youth Unemployment Rate 9.2 9.2 9.3 9.4 9.5 10.5
Labour Costs 109 109 109 109 109 108
Productivity 109 109 109 109 109 109
Job Vacancies 5359 5111 4985 4891 4809 4247
Job Offers 5811 5728 5678 5631 5582 5082
Challenger Job Cuts 44653 44816 51229 55334 62300 63500
Wages 22.34 22.49 22.87 23.35 23.8 26.5
Wages in Manufacturing 21.37 21.44 21.76 21.87 22.06 25.61
Wage Growth 4.47 4.55 4.65 4.74 4.81 5.24
Minimum Wages 7.25 7.25 7.25 7.25 7.25 7.75
Employment Cost Index 0.6 0.7 0.65 0.65 0.65 0.73
Population 324 328 328 328 328 332
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Employment Rate 60.1 60.1 60.1 60.1 60.1 60.3
Living Wage Family 2240 2300 2300 2300 2300 2380
Living Wage Individual 1540 1472 1478 1485 1492 1470
Part Time Employment 27271 27245 27241 27232 27224 27126
Full Time Employment 127016 127084 127177 127188 127168 126697
Wages Low Skilled 2090 2150 2150 2150 2150 2200
Wages High Skilled 4290 4500 4500 4500 4500 4600