The unemployment rate for those 16-19 rockets to 16.3 percent, Blacks to 8.3 percent.
 

Unemployment Rate by Age Group, chart by Mish
 

Unemployment Rate by Age Group

• 16-19: 16.3 Percent
• 20-24: 8.3 Percent
• 25-34: 5.0 Percent
• 35-44: 3.4 Percent
• 45-54: 3.2 Percent
• 55+: 3.1 Percent

Unemployment Rate by Race
 

Unemployment Rate by Race

• Overall: 4.6 Percent
• Black: 8.3 Percent
• White 3.9 Percent
• Hispanic: 5.0 Percent

Change in Unemployment Rate by Age Group and Race
 

The unemployment rate bottomed in April of 2023.
 

The above chart shows the unemployment rate rise since then and how much of it occurred under Trump.

Change by Age Group and Race Since 2023-04 and January 2025

• Overall: 1.2 PP, 0.6 PP
• Black: 3.5 PP, 2.1 PP
• White 0.8 PP, 0.4 PP
• Hispanic: 0.6 PP, 0.2 PP
• 16-19: 6.9 PP, 4.5 PP
• 20-24: 2.8 PP, 0.4 PP
• 25-34: 1.1 PP, 0.8 PP
• 35-44: 0.4 PP, 0.3 PP
• 45-54: 0.8 PP, 0.6 PP
• 55+: 0.7 PP, 0.1 PP

Labor Market Recap

December 3, 2025 : Small Businesses Drop 120,000 Jobs in November, ADP Total Down 32,000

Year-Over-Year Change

• Small: -197,000
• Medium: +275,000
• Large: +1,012,000

December 4, 2025: Challenger Reports Employers Announced 71,321 Job Cuts in November

Announcements imply future, not immediate, layoffs and unemployment claims.

Unlike large employers, small businesses have fewer means of tariff avoidance and less ability to hold inventory or eat the tariffs.

December 5, 2025: Revelio Says Payrolls Decline by 9,000 the 5th Drop in 7 Months

We don’t have BLS reports but we do have ADP and Revelio.

December 11, 2025: How Fast is the US Shedding Foreign-Worker Jobs?

Think carefully.

Please read that last link. It’s an unbiased assessment that vastly differs from other reports on what’s happening with US and foreign workers.

Finally, please note President Trump Promised a Manufacturing Boom. Where Is It?

The answer is China.

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