Submitted by Fox First at Ten on January 4th
By The Associated Press
Unemployment rates fell for every group of Americans last year expect teenagers.
About 47,000 more teens entered the work force in 2012, but only 2,000 found jobs, according to Labor Department data. That pushed up the teenage unemployment rate to 23.5 percent last month, from 22.9 percent in December 2011.
Unemployment fell for all other broad age groups. Americans over age 55 now have an unemployment rate of just 5.9 percent, compared to the national rate of 7.8 percent.
Veterans of the Iraq and Afghanistan wars saw their unemployment rate fall to 10.8 percent from 13.1 percent.
By education, adults without a high school degree saw the best improvement, although their unemployment rate was still high: It fell from 13.7 percent to 11.7 percent.
By contrast, only 3.9 percent of adults with a college degree were unemployed in December 2012, down only one-tenth from a year earlier.
Unemployment rate by group: (Numbers in percentages) Dec. 2011 Dec. 2012 White: 7.5 6.9 Black: 15.6 14 Hispanic: 11 9.6 Asian*: 6.8 6.6 Adult men: 8 7.2 Adult women: 7.8 7.3 Teenagers: 22.9 23.5 20-24 years old: 14.2 13.7 25-54 years old: 7.5 6.7 55 and over: 6.2 5.9 Veterans of Iraq/Afghanistan*: 13.1 10.8 No high school diploma: 13.7 11.7 High school graduate: 8.7 8 Some college: 7.6 6.9 College graduates: 4 3.9 Duration of Unemployment: Average length (weeks): 40.7 38.1 Jobless 6 months or more (pct): 42.8 39.1 * not seasonally adjusted Source: Labor Department
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