Summer 2018 youth labor market From April to July 2018, the number of employed youth 16 to 24 years old rose by 2.0 million to 20.9 million and youth unemployment increased from 1.5 million to 2.1million. In July, the youth labor force grew by 2.6 million to a total of 23.0 million and the youth working-age population was 38.0 million. Source: BLS Press Release, August 18, 2019 How did the youth unemployment rate change from April to July? Calculate the youth labor force participation rate in July. >>> Answer below to 1 decimal place. The youth unemployment rate in April 2019 is percent.
Summer 2018 youth labor market From April to July 2018, the number of employed youth 16 to 24 years old rose by 2.0 million to 20.9 million and youth unemployment increased from 1.5 million to 2.1million. In July, the youth labor force grew by 2.6 million to a total of 23.0 million and the youth working-age population was 38.0 million. Source: BLS Press Release, August 18, 2019 How did the youth unemployment rate change from April to July? Calculate the youth labor force participation rate in July. >>> Answer below to 1 decimal place. The youth unemployment rate in April 2019 is percent.
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 1P
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![Summer 2018 youth labor market
From April to July 2018, the number of employed youth 16 to 24 years old rose by 2.0 million to 20.9 million and youth unemployment increased from 1.5 million to 2.1million. In July, the youth labor
force grew by 2.6 million to a total of 23.0 million and the youth working-age population was 38.0 million.
Source: BLS Press Release, August 18, 2019
How did the youth unemployment rate change from April to July? Calculate the youth labor force participation rate in July.
>>> Answer below to 1 decimal place.
The youth unemployment rate in April 2019 is
percent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffa413bcf-f4d4-4563-8c5c-bfbbe2a7d62c%2F43d01a5d-c6d2-4b64-b88c-66d57d7966af%2Fqv3zc8r_processed.png&w=3840&q=75)
Transcribed Image Text:Summer 2018 youth labor market
From April to July 2018, the number of employed youth 16 to 24 years old rose by 2.0 million to 20.9 million and youth unemployment increased from 1.5 million to 2.1million. In July, the youth labor
force grew by 2.6 million to a total of 23.0 million and the youth working-age population was 38.0 million.
Source: BLS Press Release, August 18, 2019
How did the youth unemployment rate change from April to July? Calculate the youth labor force participation rate in July.
>>> Answer below to 1 decimal place.
The youth unemployment rate in April 2019 is
percent.
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