Young adult unemployment dipped down to 5.7 percent in April from 5.8 percent in March, driven both by a reduction in the labor force and the number of unemployed. Just over 3 million young adults are actively looking for a job but haven’t found one.
One interesting and potentially disturbing trend pops out from this report: the young adult Latino unemployment rate dropped to 5.2 percent from 5.7 percent, but was driven by nearly 250,000 young Latinos leaving the labor force. This reverses the trend from the last two months: 112,000 young Latinos entered the workforce in February, and another 126,000 in March. This estimate is adjusted for the season, but March to April doesn’t usually demonstrate the same volatility that the December holidays or summer season shows. Whether this is a larger trend reflecting the administration’s hostility to Latinos is unclear.