Yes, the real stat to look at is called Labour Force Participation, which is consistently at around 65% of the overall population. It doesn't include retirees, kids, or people living permanently on welfare or benefits, but it also doesn't include long-term unemployed people who have given up even looking for jobs.
As an example, an 18-year-old who spent his last 2 years in high school handing our resumes to places who refuse to hire anyone but "international students", finally gave up before Christmas and is now just living off of student loans or parental charity is officially a "discouraged worker" and is not counted as part of the labour force, so he's not included in the 14% youth unemployment stat. How many kids like that do you want to bet there are?