Search
 

Millennial unemployment hits 11.8%

For millennials, the unemployment rate in September hit 11.8 percent, according to Generation Opportunity, a nonprofit, nonpartisan organization that mobilizes young Americans regarding economic issues.

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

For millennials, the unemployment rate in September hit 11.8 percent, according to Generation Opportunity, a nonprofit, nonpartisan organization that mobilizes young Americans regarding economic issues.

Among African-American millennials in September unemployment reached 21 percent while it reached 12.1 percent for Hispanics and 11.6 percent for female millennials, Generation Opportunity finds. Because of the declining labor force participation rate, there are now 1.7 million millennials who are not considered unemployed by the U.S. Department of Labor. This suggests that those millennials are not looking for work because of the few available jobs, and if the labor force participation rate were calculated, millennial unemployment would jump to 16.6 percent.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.