Millennial Jobs Report findings:
- 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 13.1 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 8 percent (NSA).
- The declining labor force participation rate has created an additional 1.855 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 16.5 percent (NSA); the (U-3) unemployment rate is 14.6 percent (NSA).
- The effective (U-6) unemployment rate for 18-29 year old Hispanics is 13.8 percent (NSA); the (U-3) unemployment rate is 9.3 percent (NSA).
- The effective (U-6) unemployment rate for 18-29 year old women is 10.9 percent (NSA); the (U-3) unemployment rate is 7.2 percent (NSA).
Generation Opportunity is a national, non-partisan organization advocating for economic opportunity for young people through less government and more freedom.
Tags: Generation Opportunity, Patrice Lee, Patrice Lee, November, 2015, 1.8 Million able-bodies, young Americans, gave up looking for work 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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