US Teens See Higher Unemployment In 2012

By The Associated Press

Unemployment rates fell for every group of Americans last year expect teenagers.

About 47,000 more teens entered the work force in 2012, but only 2,000 found jobs, according to Labor Department data. That pushed up the teenage unemployment rate to 23.5 percent last month, from 22.9 percent in December 2011.

Unemployment fell for all other broad age groups. Americans over age 55 now have an unemployment rate of just 5.9 percent, compared to the national rate of 7.8 percent.

Veterans of the Iraq and Afghanistan wars saw their unemployment rate fall to 10.8 percent from 13.1 percent.

By education, adults without a high school degree saw the best improvement, although their unemployment rate was still high: It fell from 13.7 percent to 11.7 percent.

By contrast, only 3.9 percent of adults with a college degree were unemployed in December 2012, down only one-tenth from a year earlier. Unemployment rate by group:(Numbers in percentages)Dec. 2011Dec. 2012White:7.56.9Black:15.614Hispanic:119.6Asian*:6.86.6Adult men:87.2Adult women:7.87.3Teenagers:22.923.520-24 years old:14.213.725-54 years old:7.56.755 and over:6.25.9Veterans of Iraq/Afghanistan*:13.110.8No high school diploma:13.711.7High school graduate:8.78Some college:7.66.9College graduates:43.9Duration of Unemployment:Average length (weeks):40.738.1Jobless 6 months or more (pct):42.839.1* not seasonally adjustedSource: Labor Department

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Opinion

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

Wednesday Wrap-Up: GE and Facebook

Wednesday Wrap-Up: GE and Facebook

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

How to Invest Like Warren Buffett

How to Invest Like Warren Buffett

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites