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.

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

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

  • Critical 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 events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join BenefitsPRO

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

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

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.