Youth unemployment

Extracted Attributes

• Age Range

  15-24 years

• Definition

  Proportion of the labor force aged 15-24 who do not have a job but are seeking employment

• Consequences

  Shared negative attitude toward the future (job security, personal finances, debt, home ownership, career prospects, education), erosion of faith in Capitalism

• Contributing Factors

  Socio-economic inequalities (racism, class, gender, caste), skills gap, jobless growth, polycrisis (climate change, geopolitical tensions, technological disruptions, economic instability), AI displacement, softening labor market, student loan debt

• Global Youth Unemployment Rate (2023)

  13% (International Labour Organization)

• EU Youth Unemployment Rate (2014-2024)

  Approximately twice as high as the general unemployment rate

• US Youth Unemployment Rate (July 2025)

  10.00%

• US Youth Unemployment Rate (Record Low)

  4.80% in May 1951

• US Youth Unemployment Rate (Record High)

  28.50% in April 2020

• US Youth Unemployment Rate (Average 1948-2025)

  11.59%

Timeline

• Start of data collection for US Youth Unemployment Rate, which averaged 11.59% until 2025. (Source: Trading Economics)

  1948

• US Youth Unemployment Rate reached a record low of 4.80%. (Source: Trading Economics)

  1951-05

• US youth unemployment was higher than current levels, a trend that continued until January 2016. (Source: Econofact)

  2007-08

• The EU youth unemployment rate began a period where it remained approximately twice as high as the general unemployment rate, continuing through 2024. (Source: Wikipedia)

  2014

• US youth unemployment was higher than current levels, a trend that started in August 2007. (Source: Econofact)

  2016-01

• US Youth Unemployment Rate reached an all-time high of 28.50%. (Source: Trading Economics)

  2020-04

• Global youth unemployment was 13% according to the International Labour Organization (ILO). (Source: Forbes)

  2023

• The World Health Organization ended the COVID-19 pandemic's 'global health emergency' status. (Source: Econofact)

  2023-05-05

• The All-In Podcast analyzed concerning economic indicators, including a spike in youth unemployment. (Source: Related Documents)

  2023-11

• McKinsey, in conjunction with Goodwill Industries International, concluded research, analysis, and polling for the American Opportunity Survey. (Source: Goodwill.org)

  2024-08

• US Youth Unemployment Rate remained unchanged at 10.00%. (Source: Trading Economics)

  2025-07

• US Youth Unemployment Rate is expected to be 10.10% by the end of this quarter. (Source: Trading Economics)

  2025

• The overall US unemployment rate was 4.3%. (Source: Econofact)

  2025-08

• US Youth Unemployment Rate is projected to trend around 10.30%. (Source: Trading Economics)

  2026

• US Youth Unemployment Rate is projected to trend around 10.20%. (Source: Trading Economics)

  2027

Youth unemployment

Youth unemployment refers to the proportion of the labor force aged 15 – 24 who do not have a job but are seeking employment. Youth unemployment is different from unemployment in the general workforce in that youth unemployment rates are consistently higher than those of adults worldwide, with the European Commission reporting that, from 2014 - 2024, the EU youth unemployment rate has remained approximately twice as high as the general unemployment rate. Youth unemployment is a complex issue because it often intersects with other socio-economic inequalities like racism, class, gender, and caste.

Web Search Results

• How To Create A Strategy To Reduce Youth Unemployment - Forbes

  According to the International Labour Organization (ILO), global youth unemployment was 13% in 2023, with many young people facing limited prospects for stable and decent work. On the flip side, the World Economic Forum (WEF) found that 44% of businesses report difficulties in finding talent with the right skills to fill jobs. This contrast reflects a deepening mismatch between the supply of young job seekers and the demand for skilled talent, which, if left unaddressed, will exacerbate both [...] Economic growth remains a critical driver of job creation, but the quality and inclusivity of that growth matter. In many parts of the world, jobless growth has become a pressing concern, as economies expand without generating enough formal employment opportunities for young people. Youth unemployment continues to rise even in nations with positive GDP growth, indicating that inclusive economic policies and investment in key sectors are lacking (ILO, 2024). [...] The world today is grappling with a polycrisis – a complex set of interconnected global challenges that impact economies, industries, and job markets simultaneously. From climate change and geopolitical tensions to technological disruptions and economic instability, these crises are reshaping the landscape of work, especially for young people. While youth unemployment remains high, employers worldwide are also struggling to fill critical roles, highlighting a significant skills gap.

• United States Youth Unemployment Rate - Trading Economics

  Youth Unemployment Rate in the United States remained unchanged at 10 percent in July. Youth Unemployment Rate in the United States averaged 11.59 percent from 1948 until 2025, reaching an all time high of 28.50 percent in April of 2020 and a record low of 4.80 percent in May of 1951. source: U.S. Bureau of Labor Statistics [...] ### Youth Unemployment Rate in the United States is expected to be 10.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Youth Unemployment Rate is projected to trend around 10.30 percent in 2026 and 10.20 percent in 2027, according to our econometric models. % 1Y3Y5Y10YMAX Export API OK Loading... Sep Nov 2025 Mar May Jul U.S. Bureau of Labor Statistics [...] | Nonfarm Payrolls Private | 83.00 | 3.00 | Thousand | Jul 2025 | | Part Time Employment | 28437.00 | 28190.00 | Thousand | Jul 2025 | | Productivity | 115.88 | 115.21 | points | Jun 2025 | | Unemployed Persons | 7236.00 | 7015.00 | Thousand | Jul 2025 | | Unemployment Rate | 4.20 | 4.10 | percent | Jul 2025 | | Wages | 31.34 | 31.26 | USD/Hour | Jul 2025 | | Wages in Manufacturing | 28.96 | 28.96 | USD/Hour | Jul 2025 | | Youth Unemployment Rate | 10.00 | 10.00 | percent | Jul 2025 |

• Examining the Causes and Effects of Youth Unemployment

  Youth Unemployment in 2025 This post will cover the status of youth unemployment in 2025. Included is information pertaining to the results of youth unemployment and the effect of said joblessness on society. We will also take a look at some of the prevailing opinions held by this population regarding the future. If you are interested in learning more about the unique characteristics of this group and the challenges relating to this topic, please continue reading. [...] Given that the unemployment level for today’s youth remains roughly 2x-7x higher than other age groups at the time data was gathered, it is not hard to conclude why there is a shared negative attitude toward the future among this demographic. This pessimism is pervasive, ranging from one’s feelings about their job security, personal finances, debt, chances of home ownership, overall career prospects and education. [...] The consulting firm McKinsey, in conjunction with Goodwill Industries International, concluded research, analysis and polling in August 2024, which culminated in the American Opportunity Survey. This work focused mainly on economic opportunity for today’s youth (aged 18-24). The findings are important for a variety of reasons, not least of which is that they include insights into the effects of unemployment, barriers to career advancement, current industry needs and the benefits of continuing

• [PDF] reducing youth unemployment - World Bank Documents & Reports

  CONTEXT The world is wasting an extraordinary demographic dividend. There are more young people eligible for work living today than ever before in history, yet they are disproportionately affected by unemployment and inactivity. Young people are over three times more likely to be unemployed than adults.1 Rates of idleness among youth differ from country-to-country, but can be as high as 50 percent.2 This policy brief provides a framework for applying behavioral insights to youth unemployment [...] 4. Cannon, M.D. and Edmondson, A.C., 2005. Failing to learn and learning to fail (intelligently): How great organizations put failure to work to innovate and improve. Long Range Planning, 38(3), pp.299-319. Young people are over three times more likely to be unemployed than adults. 7 6 Solutions To Youth Unemployment Behavioral Bites 01. Definition & Diagnosis 03. Implementation & Evaluation 04. Adapt 05. Re-define & Re-diagnose 02. Design 02. [...] ENGAGING FIRMS IS KEY TO REDUCING YOUTH UNEMPLOYMENT. Firms can improve the quality of their workforce by leveraging behavioral insights to reduce the biases that they frequently make in hiring that may lead them to exclude non-traditional candidates such as women and ethnic minorities. Similarly, they can implement incentive schemes and other mechanisms to maximize worker retention, effort, and productivity.

• Fact Check: Is unemployment for young US workers the highest ...

  The World Health Organization ended the COVID-19 pandemic’s “global health emergency” status on May 5, 2023. However, prior to the pandemic, youth unemployment was higher than current levels from August 2007 to January 2016. The reason for the recent rise in youth unemployment is unclear. Some economists point to displacement of recent college graduates by artificial intelligence, while others point to a broadly softening labor market. The overall unemployment rate was 4.3% in August 2025.