News release: “From April to July 2012, the number of employed youth 16 to 24 years old rose 2.1 million to 19.5 million, the U.S. Bureau of Labor Statistics reported today. This year, the share of young people employed in July was 50.2 percent. (The month of July typically is the summertime peak in youth employment.) Unemployment among youth increased by 836,000 from April to July 2012, compared with an increase of 745,000 for the same period in 2011. (Because this analysis focuses on the seasonal changes in youth employment and unemployment that occur each spring and summer, the data are not seasonally adjusted.)” See also:

• Number of Jobs, Labor Market Experience, and Earnings Growth: Results from a National Longitudinal Survey, July 25, 2012
• Related postings on financial system