The unemployment rate for people ages 16 to 24 in the United States in 202024 23 was 10 percent. However, this rate was much lower for people aged 45 and over, at 2.9 percent. U.S. unemployment The unemployment rate in the United States varies based on several factors, such as race, gender, and level of education. Black and African-American individuals had the highest unemployment rate in 2021 out of any ethnicity, and people who had less than a high school diploma had the highest unemployment rate by education level. Alaska is consistently the state with the highest unemployment rate, although the El Centro, California metropolitan area was the area with the highest unemployment rate in the country in 2019. Additionally, in August 2022, farming, fishing, and forestry occupations had the highest unemployment rate in the United States Unemployment rate The U.S. Bureau of Labor Statistics is the agency that researches and calculates the unemployment rate in the United States. Unemployment rises during recessions, which causes the cost of social welfare programs to increase. The Bureau of Labor Statistics says unemployed people are those who are jobless, have looked for employment within the last four weeks, and are free to work.

In 2022, among the working age population of the United Kingdom, there were approximately 112,250 people unemployed from the Baby Boomer Generation, followed by 311,145 Gen X unemployed, 393,471 Millennials, and 295,593 Gen Z.

Youth unemployment stood at 9.7 percent in February 2025. Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. The unemployment rate by state can be found here, and the annual national unemployment rate can be found here. Youth unemployment in the United States The United States Bureau of Labor Statistics track unemployment of persons between the ages of 16 and 24 years each month. In analyzing the data, the Bureau of Labor Statistics performed a seasonal adjustment—removing seasonal influences from the time series, such that one month’s rate of unemployment could be analyzed in comparison with another month’s rate of unemployment. During the period in question, youth unemployment ranged from a high of 9.9 percent in April 2021, to a low of 6.5 percent in April 2023. The national youth unemployment rate can be compared to the monthly national unemployment rate in the United States, although youth unemployment tends to be much higher due to higher rates of participation in education. In May 2023, U.S. unemployment was at 3.7 percent, compared with 7.4 percent amongst those 16 to 24 years old. Additionally, as of May 2023, Nevada had the highest state unemployment rate of all U.S. states, at 5.4 percent.

In 2023, there were over 1.1 million people unemployed for 27 weeks or longer, amounting to 19.36 percent of all unemployed in the U.S. Among all unemployed, aged between 25 and 34 years, about 19.93 percent of people were unemployed for 27 weeks or longer.

Number of persons in the labour force (employment and unemployment), unemployment rate, participation rate and employment rate by age group and gender. Data are presented for 12 months earlier, previous month and current month, as well as year-over-year and month-to-month level change and percentage change. Data are also available for the standard error of the estimate, the standard error of the month-to-month change and the standard error of the year-over-year change.

Millennials and Gen Z are spreading coronavirus—but not because of parties and barshttps://www.nationalgeographic.com/science/2020/09/millennials-generation-z-coronavirus-scapegoating-beach-parties-bars-inequality-cvd/

The seasonally adjusted youth unemployment rate (under 25 years) in the European Union and the Euro area has trended upward from November 2022 to November 2024. Over the past year, the EU's youth unemployment rate increased from 14.8 percent in November 2023 to 15.3 percent in November 2024.

Generation Z’s entry into the workforce has led to changing workplace expectations, in which Gen Z employees are willing to walk away if these expectations are not met. In 2022, ** percent of Gen Z employees in the United States said that they would walk away from a job due to an unsatisfactory salary, while ** percent said they would quit if the job caused burnout and lacked work-life balance. ** percent of Generation Z employees also reported that they would quit if there were no remote work options available. Gen Z at Work Due to challenges such as the COVID-19 pandemic and recent economic turmoil, there are unique factors influencing Generation Z employees looking for work. Many prospective Gen Z employees are entering the workforce at a time of historically low unemployment, with job openings also much higher than usual. As a result, Gen Z employees are more likely to apply to jobs that meet their expectations regarding salary and work-life balance. Gen Z’s desire for clear salary expectations has shown to be a major factor on whether they even apply for a job. Additionally, Gen Z employees are more likely to appreciate flexible working options, with ** percent saying that they preferred hybrid work while ** percent preferred for work to be fully remote. Importance of Education While Generation Z has been reported to be the most educated age group in the United States, only ** percent of Gen Z employees said that they were very satisfied with how well their education has prepared them for the workforce. Therefore, having the opportunity to continue learning at work is an important factor for Gen Z employees in the United States, who value career development and workplace training. In particular, ** percent of surveyed Gen Z employees said that they would want to receive leadership training at work, while ** percent wanted to receive training in mental health.

Resume Writing Service Market Outlook

The resume writing service market size was valued at approximately USD 660 million in 2023 and is projected to reach around USD 1.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period. The growing emphasis on professional career development and the increasing awareness of the importance of a well-crafted resume are significant growth factors for this market.

One of the key growth factors driving the resume writing service market is the rising unemployment rates and the competitive job market. As job seekers face stiff competition, the need for professionally written resumes to stand out has become paramount. Increasingly, individuals are recognizing the value of leveraging professional services to enhance their job applications, leading to a surge in demand for resume writing services. The pandemic-induced economic downturn has further accentuated the need for job seekers to differentiate themselves, fueling market growth.

Technological advancements and the proliferation of online platforms have also played a crucial role in propelling the market forward. The integration of artificial intelligence and data analytics in resume writing services enables the creation of highly customized and optimized resumes, tailored to specific job roles and industries. These technological enhancements not only improve the quality of resumes but also provide job seekers with valuable insights and feedback, making the services more appealing and effective.

Moreover, the rise of the gig economy and the increasing prevalence of career changes have significantly contributed to the market's expansion. As more individuals seek to transition between careers or pursue freelance opportunities, the demand for tailored resume writing services has surged. This trend is particularly notable among millennials and Gen Z, who prioritize flexibility and career mobility. Professional resume writing services cater to these needs by offering specialized packages and personalized support, further driving market growth.

Regional growth prospects for the resume writing service market are promising, with North America currently dominating the market due to high employment rates and a well-established job market. Europe follows closely, driven by the increasing number of job seekers and a robust corporate sector. The Asia Pacific region is anticipated to witness substantial growth, fueled by rising internet penetration, a burgeoning middle class, and the growing importance of professional career development. Latin America and the Middle East & Africa also present significant opportunities, though they currently hold a smaller market share compared to other regions.

Service Type Analysis

The resume writing service market is segmented by service type into Entry-Level, Professional, Executive, Military, Federal, Career Change, and Others. Each of these segments caters to different demographic groups and professional needs, ensuring a wide range of services to meet diverse customer requirements. Entry-level services primarily target recent graduates and individuals seeking their first job or internship. These services focus on highlighting educational qualifications and any relevant internships or volunteer work to make the candidates attractive to potential employers.

Professional resume writing services cater to individuals with a few years of work experience who are looking to advance their careers or switch jobs within their industry. These services emphasize achievements, skills, and professional experience, providing a comprehensive overview of the candidate's career trajectory. Executive resume writing services are designed for senior-level professionals and C-suite executives. These services focus on leadership skills, strategic accomplishments, and industry-specific expertise, ensuring that the resume reflects the candidate's ability to drive organizational success.

Military resume writing services are tailored for veterans transitioning to civilian careers. These services translate military experience into skills and qualifications that are relevant to civilian job roles, facilitating a smoother transition for veterans. Federal resume writing services cater to individuals seeking employment within government agencies. These services adhere to specific formatting and content guidelines required by federal job applications, ensuring that the resumes meet the stringent standards set by governmental bodies.

Career chan

A survey from 2024 of Gen Z adults from ** countries around the world found that the cost of living and the mental health of their generation were their leading concerns. Other concerns of Gen Z adults included unemployment, crime/personal safety, and protecting the environment.

In 2024, the age group of 20 to 29 years old experienced the highest unemployment rate in South Korea. The average unemployment rate stood at *** percent. Unemployment in South Korea The unemployment rate refers to the percentage of the economically active population not in employment but actively looking for a job. This does not include the economically inactive population, such as students, pensioners, homemakers, or discouraged workers. With a population of over ** million, South Korea has grown to become one of the world's largest economies, but struggles with increasing unemployment, especially among the youth and elderly. The unemployment situation of young people in South Korea has deteriorated sharply in recent years, while the number of economically active youth has declined steadily over the past decade. On average, young people took more than 11 months to find their first job. Reasons for youth unemployment This situation can be attributed to various social, demographic, and labor market-specific factors within the country. Despite the high level of education among youth, more and more companies are demanding concrete work experience from applicants, which is often difficult to acquire within the existing South Korean education system. It should also not be neglected that the retirement age was raised from ** to ** in 2016, but more young people, especially millennials, entered the labor market during this time. The dual labor market structure in South Korea, characterized by existing wage gaps between large and small companies, as well as between regular and irregular jobs, is another factor contributing to youth unemployment. While fewer and fewer young people are employed as regular workers, young graduates tend to prefer positions in large companies that offer permanent employment contracts.

The US home loan market, a significant component of the broader mortgage industry, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 18% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, a consistently low unemployment rate and rising disposable incomes are empowering more Americans to pursue homeownership. Secondly, historically low interest rates (though potentially fluctuating) throughout much of the forecast period are making mortgages more accessible and affordable. Thirdly, government initiatives aimed at boosting housing affordability, such as tax incentives and relaxed lending criteria (though subject to potential policy changes), contribute significantly to the market's expansion. Furthermore, the increasing preference for larger homes, particularly among millennials and Gen Z, further fuels demand. The market is segmented across various loan types (home purchase, refinance, home improvement), sources (banks, housing finance companies), interest rates (fixed, floating), and loan tenures. While fluctuating interest rates and economic uncertainties represent potential restraints, the long-term outlook for the US home loan market remains positive, driven by sustained demand and ongoing innovation within the financial technology sector. The competitive landscape is intensely dynamic, with major players like Rocket Mortgage, LoanDepot, Wells Fargo, and Bank of America dominating the market. However, smaller, regional lenders and online mortgage providers are also carving a niche for themselves by offering tailored services and competitive pricing. Market segmentation also presents opportunities for specialized lenders to focus on specific demographic groups or loan types, leveraging technology and data analytics to refine their offerings. The regional distribution of the market mirrors the US population density, with the Northeast, West Coast, and Southern regions demonstrating the highest activity. However, the market is becoming increasingly decentralized, with rising homeownership rates across previously less active areas. Overall, the US home loan market presents a compelling investment opportunity characterized by substantial growth potential, albeit with inherent risks tied to macroeconomic volatility and regulatory changes. Recent developments include: June 2023: Bank of America Corp has been adding consumer branches in four new U.S. states, it said on Tuesday, bringing its national footprint closer to rival JPMorgan Chase & Co. Bank of America will likely open new financial centers in Nebraska, Wisconsin, Alabama, and Louisiana as part of a four-year expansion across nine markets, including Louisville, Milwaukee, and New Orleans., July 2022: Rocket Mortgage entered the Canadian Market with the acquisition. The company expanded from offering home loans in Ontario at launch to now providing mortgages in every province, primarily from its headquarters in downtown Windsor. The Edison Financial team grew along with the company, starting with just four team members in early 2020 to more than 140 at present.. Key drivers for this market are: Increase in digitization in mortgage lending market, Increase in innovations in software designs to speed up the mortgage-application process. Potential restraints include: Increase in digitization in mortgage lending market, Increase in innovations in software designs to speed up the mortgage-application process. Notable trends are: Growth in Nonbank Lenders is Expected to Drive the Market.

The youth unemployment rate for those aged between 16 and 24 in the United Kingdom was 14.2 percent in May 2025, compared with 14.2 percent in the previous month. After falling to just 9.2 percent in July 2022, the youth unemployment rate has increased at pace and is almost as high as it was following the COVID-19 pandemic in 2020. Nevertheless, youth unemployment is lower than in the early 2010s, when youth unemployment reached a high of 22.5 percent in November 2011. Almost one million UK youth not in work or education In the fourth quarter of 2024, the number of people aged between 16 and 24 that were not in education, employment, or training (NEET) was 987,000, the highest figure in more than ten years. One of the main reasons for this increase has been the general rise in people being on long-term sick leave since the COVID-19 pandemic, which reached a peak of 2.8 million at the end of 2023. While older adults are still more likely to be on long-term sick, the number of younger workers on long-term sickness has increased more rapidly. In the ten years between 2014 and 2024, the number of 16 to 24-year-olds economically inactive for this reason increased from 138,000 to 271,000. Prospects for youth employment in 2025 Reversing the current trend of increasing youth inactivity is one of the main challenges facing the UK economy in 2025. It is currently unclear if the labor market is equipped to handle this issue, however. Job vacancies, while not at a particularly low level, have been falling for several months since peaking in 2022. UK businesses are also under pressure from an increase in the national insurance they must pay from April 2025 onwards, with taxation being the main external concern of UK businesses at the end of 2024. In this environment, it is uncertain if they will hire more staff, especially younger workers who have spent extended periods of time out of work.

In 2024, around ** percent of Generation Z in the world were caused the most worry by living costs. ** percent were worried about unemployment.

Nearly one half of Generation Z representatives in Russia were worried about corruption within business or politics, according to the survey conducted in early 2021. The second major concern of Russian Gen Z was unemployment.

According to a survey conducted in China in 2022, ** percent of later-born millennials (aged 26 to 33 years) reckoned that they will be better off in the coming year. Generation Z was less positive towards their financial condition due to fierce competition in the job market and higher unemployment rate.

After the 2008 financial crisis, many Spaniards lost their jobs and the Mediterranean country was left with one of the highest unemployment rates in the European Union. In recent years, at least until the economic crisis provoked by the COVID-19, everything pointed at a slow but sure recovery of the job market in Spain, although the unemployment rate among the younger age groups remained still quite high. In fact, over ** percent of those aged 16-19 did not have a job between 2020 and 2022. This figure goes down to approximately **** percent in ages 20-24 and 15.58 for 25 to 29-year-olds. In stark contrast, youth unemployment figures in the European Union reached **** percent in April 2023. The unemployed rate for under 25s was the highest in Spain, followed by Greece and Italy, all the three Mediterranean countries featuring rates of over ** percent in the younger workforce groups. An ongoing and tough recoverySpanish unemployment rate skyrocketed in 2008, jumping from * percent in the first quarter that year up to ***** percent during the same quarter a year after. The Spanish unemployment crisis hit hardest in 2013, when a record high of ** percent of the population did not have a job. In numbers, that share translates into 6.3 million professionals in 2013 left out of the workforce. The job market initiated a recovery thereafter, making moderate and laborious progress and reducing the numbers to approximately *** million unemployed workers in the first quarter of 2023. The impact of the coronavirus on the Spanish economy caused the unemployment rate to surge again throughout 2020, but still remained far from the figures reached after the financial crisis. The unemployment situation in the European Union Spain was the European country with the highest unemployment rate in August 2023, with **** percent of the labor force out of work. The unemployment rate in Greece, in second place, stood at a rate of **** percent in that timeframe, which is still considerably higher than that of the rest of the European Union.

In 2023, there were approximately ***** million millennials in the United Kingdom, making it the largest generational cohort at that time. Millennials surpassed the Baby Boomer generation as the largest generation for the first time in 2019. The two youngest generations, Gen Z and Gen Alpha, numbered approximately **** million, and *** million respectively. Gen X are, as of the most recent year, the second-largest generation in the UK at ***** million people, with their parent's generation, the Silent Generation, numbering around *** million people in the same year. There were estimated to be ****** people who belonged to the Greatest Generation, the parents of the Baby Boomer generation, who lived through major events such as the Great Depression and World War Two. Post-War Baby Boom The baby boomer generation was the largest generation for much of this period due to the spike in births that happened after the Second World War. In 1947, for example, there were over *** million live births in the United Kingdom, compared with just ******* live births just thirty years later in 1977. Members of this generation are typically the parents of millennials, and were the driving force behind the countercultural movement of the 1960s, due to their large numbers relative to older generations at the time. The next generational cohort after Boomers are Generation X, born between 1965 and 1980. This generation had fewer members than the Boomer generation for most of its existence, and only became larger than it in 2021. Millennials and Gen Z As of 2022, the most common single year of age in the United Kingdom in 2020 was 34, with approximately ******* people this age. Furthermore, people aged between 30 and 34 were the most numerous age group in this year, at approximately 4.67 million people. As of 2022, people in this age group were Millennials, the large generation who came of age in the late 1990s and early 2000s. Many members of this generation entered the workforce following the 2008 financial crash, and suffered through high levels of unemployment during the early 2010s. The generation that followed Millennials, Generation Z, have also experienced tough socio-economic conditions recently, with key formative years dominated by the COVID-19 pandemic, climate change, and an increasingly unstable geopolitical situation.

The unemployment rate in Sweden in 2023 was highest among the young population from 15 to 24 years, where 22 percent were unemployed. It was lowest among people from 65 to 74 at just four percent, followed by those between 45 and 54. The unemployment rate in Sweden was 7.7 percent in 2023. Higher unemployment rate among men Traditionally, there has been a slight difference in the unemployment rate among the genders. The unemployment among women was lower than among men over the past decade. However, in 2023, the unemployment rate was marginally higher among women than men. Unemployment benefits Unemployed individuals in Sweden have the possibility to receive unemployment benefits (A-kassa). To receive the benefits, the unemployed needs to be registered at the Swedish Public Employment Service (Arbetsförmedlingen), needs to be ready to take a job at any time, and must have had a job for at least six months during the last year. In 2022, nearly 228,000 individuals in Sweden received such benefits.

The level of satisfaction with the job one has in Poland increases with age. In 2022, 56 percent of Generation Z representatives liked doing their jobs. However, the share of Generation X respondents satisfied with their jobs reached more than 60 percent.