Trends in Unemployment

Looking at statistics from various souces, an article from Money Magazine found interesting trends for people looking for jobs.

1. Younger people face more unemployment

  • 8.7% of people ages 25-34 are unemployed
  • 6.8% of people ages 35-44 are unemployed
  • 6.4% of people ages 45-54 are unemployed
  • 5.9% of people 55+ are unemployed

2. College graduates face less unemployment

  • 4.2% of college grads are unemployed
  • 7.3% of people with some college are unemployed
  • 8.3% of people with no college education are unemployed

3. Older people are unemployed longer

  • 29% of unemployed persons ages 25-34 have not had a job for at least a year
  • 36% of unemployed persons ages 35-49 have not had a job for at least a year
  • 42% of unemployed persons aded 55+ have not had a job for at least a year

What does this mean? Looks like its harder for young people or people with less education to find a job. Also, when an older person loses their job, they stay unemployed longer.

If you are having problems finding employment and managing your finances, contact an Orange County Bankruptcy Attorney at 1st California Law.