Political  Calculations

We've long been tracking how American teens, who make up the most marginal of workers in the U.S. economy, have fared with respect to older Americans in the U.S. job market since the total employment level last peaked in November 2007. As you can see in the chart below, things have not gone well at all for the least educated, least experienced and least skilled portion of the noninstitutionalized U.S. civilian labor force.

Change in Number of Employed by Age Group from Total Employment Peak in November 2007 through July 2014

That's all the more remarkable when you consider how the relative number of marginal jobs has changed throughout this period, as measured by the difference between the total employment level in the U.S. and the number of nonfarm payroll jobs. Our next chart shows how these values have changed from January 2006 through July 2014.

Total Employment and Number of Nonfarm Payroll Jobs, January 2006 through July 2014

Our next chart shows the difference between these two employment measures over that period of time, which shows the increase in the number of marginal jobs as a result of the recession, which have slowly dwindled as the economy has slowly recovered.

Difference Between Total Employment and Number of Nonfarm Payroll Jobs, January 2006 through July 2014

Political Calculations

Political Calculations is a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics.

Be the first to read Political Calculation's column. Sign up today and receive Townhall.com delivered each morning to your inbox.


Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!