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IPFS News Link • Employment & Jobs

Young Adult Employment Is The Canary In Coalmine

• by Chris Hamilton

Given that, the chart below showing the percentage of 15 to 24 year old employed males and females versus initial unemployment claims offers a "canary in the economic coalmine".  Every economic cycle, the young adult employment peak has nearly perfectly lined up with cycle bottoms in UE claims and ushered in an economic downturn.  Quite noticeable in the chart below, young adult employment peaks have been coming at progressively lower participation rates.