Unemployment rates fall for US teens and older workers

AP News
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Posted: Nov 06, 2015 1:12 PM

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 2015 September 2015 October 2014
White 4.4 4.4 4.9
Black 9.2 9.2 10.9
Asian* 3.5 3.6 5.0
Hispanic or Latino ethnicity** 6.3 6.4 6.8
Adult men 4.7 4.7 5.1
Adult women 4.5 4.6 5.4
Teenagers 15.9 16.3 18.7
20-24 years old 9.4 9.1 10.5
25-54 years old 4.4 4.2 4.9
55 and over 3.5 3.9 4.1
Veterans of Iraq/Afghanistan* 4.6 5.0 7.2
No high school diploma 7.4 7.9 7.9
High school graduate 5.2 5.2 5.7
Some college 4.4 4.3 4.9
College graduate 2.5 2.5 3.0
Duration of Unemployment:
Average length (weeks) 28.0 26.3 32.9
Jobless 6 months or more (pct.) 26.8 26.6 31.9
* Not seasonally adjusted
**Includes all races
Source: Labor Department