US job gains are bypassing many 25-to-34 year-olds

WASHINGTON (AP) -- U.S. employers have gone on a hiring spree this year, but America's 25- to-34-year-olds are hardly among the biggest beneficiaries.

These workers -- increasing equipped with college and advance degrees -- represent the future of the U.S. economy. But overall hiring has failed to keep pace with this group's population growth, according to the government's July employment report released Friday.

The share of 25-to-34-year-olds with jobs fell to 75.6 in July, down from 76 percent in February. Before the recession, roughly 80 percent of them were employed. That puts the drop in their unemployment rate to 6.6 percent from 6.9 percent at the start of this year in a less positive light.

This is the cluster of workers who should be renting apartments and buying homes and driving economic growth. But without enough jobs, they're more likely to live in their parents' basements.

"Young-adult employment is less than halfway back to normal," said Jed Kolko, chief economist at the real estate firm Trulia.

The overall unemployment rate ticked up to 6.2 percent in July from 6.1 percent.

During the six straight months that have topped 200,000 job gains, more people have looked for work. In July, an additional 329,000 began looking, yet only 131,000 jobs were added, according to the Labor Department's survey of households.

The results of this survey determine the unemployment rate. With more people looking for work, the unemployment rate rose because the government counts people without jobs as unemployed only if they're actively seeking work.

A separate survey of businesses and establishments calculated a seasonally adjusted net job gain last month of 209,000.

A consequence of the influx of job-seekers last month is that the unemployment rate rose for women, African-Americans, high school graduates and people with some college experience. But the overall trend for the past 12 months is clear: The unemployment rate is steadily dropping for almost everyone.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Top Stories

  • New Look
    The Seattle Police Department unveils new uniforms, logo

  • 'It Was My Turn'
    K.J. Wright has signed a $27 million, four-year extension with the Seahawks

  • Holiday Map
    Find holiday events, Santa photo opportunities, and light displays
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.