Tuesday, December 7, 2021

Oregon teen and young adult unemployment rates hit record low

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The unemployment rate for Oregon teens ages 16 to 19 was 9.5 percent in 2017, establishing the lowest unemployment rate since 1978 when comparable records began. This was a 10.5 percent drop from a year before when the unemployment rate for teens was 20 percent.

Oregon’s total unemployment rate was 4.1 percent in 2017, which was Oregon’s lowest unemployment rate since comparable records began in 1976.

The unemployment rate for Oregon’s young adults ages 20 to 24 was 7.6 percent in 2017, giving them the lowest unemployment rate recorded for this age category.

Having a part-time or summer job used to be the normal situation for many teenagers. The labor force participation of teens averaged around 59 percent from 1978 to 2000. The rate started falling dramatically in 2001 both in Oregon and the nation. During the recession and in the aftermath of the recession it continued to slip.

Oregon’s strong job growth since 2013 has attracted more teens and young adults into the labor force and the participation rate of teens ages 16 to 19 increased to 40 percent in 2017. Teen participation is close to its pre-recession rate of 42 percent, but still considerably less than what is was in the 1990s. The participation rate of young adults ages 20 to 24 increased to 74 percent in 2017.

Justin Wernerhttps://lchomepage.com
I'm publisher of Lincoln City Homepage. Also a web guy, photographer, cameraman, video editor, sportswriter, tech support, crypto expert, cat trainer and e-bike enthusiast. I have a passion for finding facts and keeping citizens informed.

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