Youth at Age 25 are Able to Re-Enter the Workforce or Education within 90 Days of an Economic Shock
System of Record: Current Population Survey**
Update Schedule: Quarterly
Definitions: This KPI is measured by a proxy in the CPS survey, unemployment duration in weeks. Respondents to the survey, which is conducted monthly, are asked if they are unemployed, and if so, for how long. 90 days happens between 12 and 13 weeks, so any individual unemployed for 13 weeks or more is counted as unable to re-enter. The data is unable to distinguish between those who are no longer unemployed because they found work, entered education, or dropped out of the labor force. However, it is a good measurement of how long those who want a job have to search for a job.
Trends: The percentage of individuals who were below the 90 day threshold dipped significantly after the recession, from the high 50s down to 35%. Recovery has been steady, with current measurements around 52%. Illinois residents generally have longer spells of unemployment than the national average.
In Illinois, new job entrants on average have the longest times spent unemployed, while those who experience layoffs or leave their job have the shortest unemployment times. Re-entrants also tend to spend longer unemployed.