Continued Economic War Against America’s Young Adults

By USDR

Generation Opportunity, a national, non-partisan youth advocacy organization, will announce its Millennial Jobs Report on Friday, following the release of the U.S. Department of Labor’s monthly employment numbers.

Last month, Generation Opportunity released non-seasonally adjusted (NSA) unemployment data for Millennials for July 2013:

  • The effective unemployment rate for 18-29 year olds, which adjusts for labor participation rate by including those who have given up looking for work, is 16.1 percent (NSA).
  • The declining labor force participation rate has created an additional 1.8 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
  • The unemployment rate for 18-29 year olds is 11.6 percent (NSA). The unemployment rate for 18-29 year old African-Americans is 20.9 percent (NSA); the unemployment rate for 18-29 year old Hispanics is 12.4 percent (NSA); and the unemployment rate for 18–29 year old women is 10.8 percent (NSA).
All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.

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