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December's Millennial Jobs Report: Youth Unemployment at 11.5 Percent
By: PR Newswire
Jan. 4, 2013 09:49 AM
Real job opportunities elude young adults in 2012 as seasonal hiring keeps unemployment rate artificially low
WASHINGTON, Jan. 4, 2013 /PRNewswire-USNewswire/ -- Generation Opportunity, a national, non-partisan organization advocating for Millennials ages 18-29, is announcing its Millennial Jobs Report for December 2012. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:
"Expected seasonal hiring is likely keeping youth unemployment artificially low, and young people know all too well that a temporary job over the holidays is not a long-term solution. The fact is that 2012 marked yet another year in which Millennials were unable to find real opportunities in the vocations for which they trained and are qualified. This meant another year just scraping by, falling further behind on student loan payments, living at home with Mom and Dad, sending out hundreds of resumes, and filling out numerous job applications, all with little or no result. This was another year without hope for a generation eager to apply their skills and get in the game," said Matthew Faraci, Senior Vice President for Communications at Generation Opportunity and a former U.S. Labor Department spokesperson. "As Washington argues over short-term fixes, Millennials are wondering why their elected leaders continue to ignore critical issues such as unprecedented youth unemployment as well as the larger challenge of addressing the nation's underlying fiscal challenges."
December 2012 marks the 49th consecutive month with national unemployment above 7%. Read more about Jobs and Unemployment on Generation Opportunity's website.
Follow us on Twitter: @GenOpportunity
SOURCE Generation Opportunity
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