Home Still work to do: 15.4% of young people out of work in May
Local

Still work to do: 15.4% of young people out of work in May

AFP

Generation Opportunity, a national, non-partisan youth advocacy organization, is announcing its Millennial Jobs Report for May 2014. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds.

  • The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 15.4 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 10 percent (NSA).
  • The declining labor force participation rate has created an additional 1.929 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 23.1 percent (NSA); the (U-3) unemployment rate is 19.4 percent (NSA).
  • The effective (U-6) unemployment rate for 18-29 year old Hispanics is 16.2 percent (NSA); the (U-3) unemployment rate is 10.2 percent (NSA).
  • The effective (U-6) unemployment rate for 18-29 year old women is 13 percent (NSA); the (U-3) unemployment rate is 9.2 percent (NSA).

Patrice Lee, Director of Outreach at Generation Opportunity, issued the following statement:

“School is out for summer, and more than four out of five recent grads don’t have jobs. My generation deserves better than an economy in which a 15.4% effective unemployment rate for 18-29 year olds is considered a good month.”

AFP

AFP

Have a story idea or a news tip? Email editor Chris Graham at [email protected]. Subscribe to AFP podcasts on Apple PodcastsSpotifyPandora and YouTube.

Latest News

isaac mckneely
Basketball, Sports

Analysis: Tony Bennett is letting his Virginia team try to do more in transition

elijah gertrude
Basketball, Sports

Virginia Basketball Notebook: Tony Bennett on Elijah Gertrude, Jordan Minor

Virginia coach Tony Bennett and freshman combo guard Elijah Gertrude had agreed before the start of the season that Gertrude should redshirt this year so that he could focus on rehabbing his knee.

chesapeake bay
Climate, U.S. & World

Maryland moves to curb striped bass fishing in spring spawning season

Spurred by slumping striped bass reproduction in Maryland waters, the state Department of Natural Resources is moving to curtail fishing for the popular migratory species during its spawning run next spring.

earth globe
Climate

Roddy Scheer: How do enhanced geothermal power plants differ from regular geothermal?

climate change
Climate

Roddy Scheer: War is horrible, and it is no less so for the environment

earth
Politics

Tom H. Hastings: Guerrilla war in cities and other evolutionary missteps

veteran uniform
Politics

Robert C. Koehler: War does nothing but create the certainty of more war