Courtesy of Mish.
One interesting fact in today’s jobs report (see Diving Into the Payroll Report: Establishment +295K Jobs; Household +96K Employment, Labor Force -178K) was a drop in teenage unemployment of 1.7 percentage points while overall the unemployment rate fell by only 0.2 percentage points.
The only reason the overall rate fell was a plunge in labor force of 178,000. Household survey employment only rose by 96,000 vs. the establishment survey gain of an alleged +295,000.
The decline in teenage unemployment got me wondering: Where are the jobs, and what age groups got them? Here are a few seasonally adjusted charts from the St. Louis Fed.
Employment 16-19 Month Over Month
Employment 20-24 Month Over Month
Employment 25-54 Month Over Month
Employment 55+ Month Over Month
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