After falling last month, the number of American teens with jobs slightly increased in October 2022.
The U.S. Bureau of Labor Statistics reports the seasonally-adjusted number of employed teens rose by just 27,000 in October 2022, with 5,592,000 teens counted as having jobs during the month. The following chart shows a small net change, but also illustrates some bigger changes for the working teen population.
The chart shows 102,000 more 16 and 17-year-olds having jobs than did in September 2022, but 75,000 fewer 18 and 19-year-olds. [Note: Each data series in the chart has been processed through its own seasonal adjustment by the BLS' data jocks. Those adjustments are why the indicated count of working 16-17 year-olds and 18-19-year olds doesn't sum up to the total for Age 16-19-year-olds. If you're a stickler for that detail, the raw data does. The BLS counted 2,193,000 working younger teens and 3,229,000 older teens within the Age 16-19 demographic, for a total of 5,422,000.]
The small month-over-month net changes in the number of working teens mean there was also little change for the employed-to-teen population. Here's the chart showing no meaningful change in existing trends.
Although it ticked upward by a small amount, October 2022's figures did nothing the alter the general trajectory for teen employment in recent months.
Reference
U.S. Bureau of Labor Statistics. Labor Force Statistics (Current Population Survey - CPS). [Online Database.] Accessed: 4 November 2022.
More By This Author:
U.S. Imports From China Plummet In September 2022What The Charts Say: S&P 500 Drops As Expected When Investors Shift Focus To 2023-Q1
Affordability Of U.S. New Homes Reaches Record Low With Mortgage Rate Hikes
Comments
Log in or sign up to join the conversation.