On August 17, 2018, Ivanka Trump, daughter of President Donald Trump, wrote a tweet in which she claimed that the summer jobless rate for youth aged between 16 and 14 in the United States hit a 52-year low.
Youth (16-24) summer jobless rate hit a 52 year low. Unemployment for older Americans without a high school diploma also fell to record low this year! A booming economy + tight labor market is creating opportunities for those who have historically struggled to find jobs.
“Youth (16-24) summer jobless rate hit a 52 year low.”
According to a report from the Bureau of Labor Statistics (BLS) released on 17 August, 2018:
“The youth unemployment rate, at 9.2 percent in July 2018, was little changed from July 2017. This represents the lowest summer youth unemployment rate since July 1966.”
It is noted by David Morris in Fortune that while the unemployment rate is the lowest in 52 years, this does not reflect the reduced youth labor force participation rate of 60.6 percent, down from a high of 77.5 percent in 1989. According to Morris:
“That means the overall percentage of young people with summer jobs is substantially lower than it was 25 years ago.”
Mostly True. The statement that the “Youth summer jobless rate hit a 52 year low” is true, according to the BLS report, but this does not mean that the overall proportion of young people with summer jobs is at its highest ever, due to lower youth labor force participation in 2018 than in previous years.