December's Millennial Jobs Report: Youth Unemployment at 11.5 Percent

Discussion in 'Current Events' started by Stephanie, Jan 4, 2013.

  1. Stephanie

    Stephanie Diamond Member Supporting Member

    Jul 11, 2004
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    Hope and Change voted for it

    WASHINGTON, Jan. 4, 2013 — Real job opportunities elude young adults in 2012 as seasonal hiring keeps unemployment rate artificially low

    WASHINGTON, Jan. 4, 2013 /PRNewswire-USNewswire/ -- Generation Opportunity, a national, non-partisan organization advocating for Millennials ages 18-29, is announcing its Millennial Jobs Report for December 2012. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:

    •The overall unemployment rate for 18-29 year olds for December 2012 is 11.5 percent (NSA).

    •The unemployment rate for 18-29 year old African-Americans for December 2012 is 22.1 percent (NSA); the unemployment rate for 18-29 year old Hispanics for December 2012 is 12.2 percent (NSA); and the unemployment rate for 18–29 year old women for December 2012 is 10.4 percent (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, meaning that those young people have given up looking for work due to the lack of jobs.

    •If the labor force participation rate were factored into the 18-29 unemployment calculations, the actual Millennial unemployment rate would rise to 16.3 percent (NSA).

    all of it here
    Read more here: WASHINGTON, Jan. 4, 2013: December's Millennial Jobs Report: Youth Unemployment at 11.5 Percent | PRNewswire | Rock Hill Herald Online
  2. JKVegas

    JKVegas Member

    Dec 19, 2012
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    This is because "entry-level" jobs are now done by machines. There's no "mailroom" to get started in. Gotta make the quarterly number, tho. God forbid we miss because we actually hired a person. Don't even need to, tho. We'll just frighten someone already here into picking up the slack.

    There's no middle-class, blue collar jobs around because they are being done by machines or off-shore slaves due to greed. Again, gotta make or beat that number.

    Not surprised many of them are out of work.

    You could at least place the blame where it belongs.

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