Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, Apr 17, 2013

16.2% youth unemployment rate for millennial generation

Filed under: Economy — admin @ 12:22 am

Last week I read about Millennial Jobs Report for March 2013 from Generation Opportunity site: 16.2% youth unemployment rate.

The youth unemployment rate for 18-29 year olds specifically for March 2013 is 11.7 percent non-seasonally adjusted (NSA).
–rate for African-Americans for March 2013 is 20.1% (NSA);
–rate for Hispanics for March 2013 is 12.6% (NSA);
–rate for women for March 2013 is 10% (NSA).

The declining labor force participation rate has created an additional 1.7 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, that is, those young people have given up looking for work due to the lack of jobs.

If the labor force participation rates were factored into the 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.2 percent (NSA).

The conclusion is: job opportunities remain scarce for young people after years of debt-fueled government spending.

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

You must be logged in to post a comment.

Powered by WordPress