Labor Market Outcomes for 16-24 Year Olds During Last Three Recoveries by Race
| Unemployment Rate | Underemployment Rate | Employment-Population Ratio | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Low | Change (trough to peak) | Change (1995–2000) | Low | Change (trough to peak) | Change (1995–2000) | High | Change (trough to peak) | Change (1995–2000) | ||
| 1991–2001 Recovery | All | 9.3 | -2.8 | -2.8 | 14.4 | -4.6 | 59.7 | 0.5 | 1.4 | |
| White | 7.9 | -2.7 | -2.3 | 9.6 | -4.2 | |||||
| Black | 18.1 | -5.6 | -5.8 | 24.9 | -7.8 | |||||
| 2001–2007 Recovery | All | 10.5 | -0.1 | 16.1 | 0.4 | 57.7 | -4.6 | |||
| White | 9 | 0.2 | 10.9 | 0.6 | ||||||
| Black | 19.3 | -1.1 | 26.2 | -1.3 | ||||||
| 2009–2014 Recovery | All | 13.4 | -4.2 | 22.8 | -3.6 | 47.6 | 0.7 | |||
| White | 11.3 | -4.4 | 15.2 | -3.5 | ||||||
| Black | 23.1 | -5.7 | 32.3 | -4.6 | ||||||
Note: BLS series for the underemployment rate (U6 measure of labor underutilization) begins in 1994
Source: Author's analysis of Bureau of Labor Statistics' Current Population Survey; note that the series for the underemployment rate (U6 measure of labor underutilization) began in 1994.