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Unemployment rates fall for US teens and older workers

Unemployment rates tumble for US teens, older workers and recent veterans

Unemployment rates fall for US teens and older workers

WASHINGTON (AP) -- Teenagers, older workers and recent veterans benefited from a stellar U.S. job market in October.

The unemployment rate for teens fell to 15.9 percent, their lowest level since 2008, while the rate for the over-55 set declined to 3.5 percent from 3.9 percent in September. Both categories reached their lowest levels since 2008.

Veterans of the most recent Gulf War era, defined as those who have served sometime since September 2001, have made employment strides over the past year. They recorded an October unemployment rate of 4.6, the lowest level since the Labor Department began formally reporting the figures in 2008. A year ago, their jobless rate was 7.2 percent.

By contrast, the unemployment rate for those in their prime working years, ages 25 to 54, edged up to 4.4 percent from 4.1 percent.

Overall, U.S. employers added a robust 271,000 jobs last month. The national unemployment rate fell to 5.0 percent from 5.1 percent.

The data for various demographic groups came from a survey of households that is part of the Labor Department's monthly jobs report.

Unemployment rate by group:
(Numbers in percentages)October 2015September 2015October 2014
Hispanic or Latino ethnicity**
Adult men4.74.75.1
Adult women4.54.65.4
20-24 years old9.49.110.5
25-54 years old4.44.24.9
55 and over3.53.94.1
Veterans of Iraq/Afghanistan*
No high school diploma7.47.97.9
High school graduate5.25.25.7
Some college4.44.34.9
College graduate2.52.53.0
Duration of Unemployment:
Average length (weeks)28.026.332.9
Jobless 6 months or more (pct.)26.826.631.9
* Not seasonally adjusted
**Includes all races
Source: Labor Department

Updated : 2021-09-24 02:26 GMT+08:00