Youth Unemployment at 14.5% in November
Generation Opportunity releases monthly Millennial Jobs Report
Washington, DC – Generation Opportunity, a national, non-partisan youth advocacy organization, is announcing its Millennial Jobs Report for November 2014. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:The declining labor force participation rate has created an additional 1.871 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 effective (U-6) unemployment rate for 18-29 year old African-Americans is 21.4 percent (NSA); the (U-3) unemployment rate is 16.1 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old Hispanics is 15.1 percent (NSA); the (U-3) unemployment rate is 9 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old women is 12.3 percent (NSA); the (U-3) unemployment rate is 8.7 percent (NSA).
"Last month the American people and young people in particular told Washington that we believe far more in our own ability to create opportunities for ourselves than we do in government-centric solutions to grow the economy.
"As we reflect on what economists are deeming a 'good month' for job creation, we shouldn't forget about the 14.5% of young people who are still out of work. Let's build a better future for all of us.”
Tags: Generation Opportunity, Youth Unembloyment, 14.5 percent, December, Labor Report, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
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