Wessels and teen unemployment

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However, this does not appear to be a general relation across states. Several of the southern states with no state minimum wage also have unemployment rates that are above the national average. A regression of the unemployment rate on a constant and the minimum wage has an R 2 of only 0. Of course, it is difficult to use data like these to assess the effect of changing the minimum wage on the unemployment rate. The reason is that there are important differences in a variety of characteristics across states that led some states to choose a higher minimum wage than others.

Teenage unemployment rate - adjusted monthly number in the U.S. June 2019

Youth Unemployment Rate, Figures by State

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Minimum wage and unemployment

The youth unemployment rate for those between the ages of 16 and 24 was around 8 percent in early Typically teenagers report the highest rates of unemployment. Those in their early 20s are more likely to be working, but their status often depends more on whether they remain in school. The Labor Department's preliminary annual estimates for are shown in the table below.
A look at the economics reasons for high youth unemployment in the UK. During the recession, youth unemployment rose at a faster rate than the main unemployment rate. The reasons for youth unemployment are fairly similar to other causes of unemployment. They include:.

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