Destroying the economy brick by brick
youth unemployment

What a disaster–
Youth unemployment rate in March was 11.7%. If labor force participation rate were factored into the 18-29 youth unemployment calculation, the actual unemployment rate would rise to 16.2 percent.
Generation Opportunity reported:

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

**  The youth unemployment rate for 18-29 year olds specifically for March 2013 is 11.7 percent (NSA).

**  The youth unemployment rate for 18-29 year old African-Americans for March 2013 is 20.1 percent (NSA); the youth unemployment rate for 18-29 year old Hispanics for March 2013 is 12.6 percent (NSA); and the youth unemployment rate for 18–29 year old women for March 2013 is 10 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 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.2 percent (NSA).

 

 

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