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Unemployment rate for young Americans hits 12.8 percent

For Americans between the ages of 18 and 29, the unemployment rate hit 12.8 percent in June, according to Generation Opportunity, a grassroots organization connected with young Americans.

By Amanda McGrory-Dixon | Updated on July 09, 2012

For Americans between the ages of 18 and 29, the unemployment rate hit 12.8 percent in June, according to Generation Opportunity, a grassroots organization connected with young Americans.

Generation Opportunity also finds that the declining labor participation rate has created an additional 1.735 million young adults that are not considered unemployed by the Bureau of Labor Statistics because they are not in the labor force as they are no longer looking for work with the lack of jobs. When calculating the labor force participation rate into the overall 18 to 29 youth unemployment rate, the actual unemployment rate increases to 16.8 percent.

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