For workers ages 18-29, the unemployment rate hit 10.9 percentin November 2012, according to the Millennial Jobs Report byGeneration Opportunity, a nonpartisan organization thatadvocates for millennials.

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Among African-American workers ages 18-29, the unemployment rateis 18.5 percent while the unemployment rate is 12.5 percent forHispanic workers ages 18-29, the report reveals. Female workersages 18-29 are facing an unemployment rate of 10.5 percent.

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As the work force’s participation rate has dropped, anadditional 1.7 million millennials are not included in theunemployment figure by the U.S. Department of Labor, which meansthose workers are no longer looking for employment because of thefew available jobs.

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The report finds that if the labor force participation rate weremeasured into the unemployment calculations for millennials, thetrue unemployment rate would jump to 16.4 percent.

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"Today's unemployment picture for millennials offers little inthe way of promise for a generation in which genuine opportunitiescontinue to be few and far between,” says Matthew Faraci,senior vice president for communications at Generation Opportunityand a former U.S. Labor Department spokesman. “Expected temporaryseasonal hiring brought the overall 18-29 year oldunemployment rate to 10.9 percent. However, more than 1.7 millionyoung adults are still not counted by the Department of Labor asunemployed because they have given up looking for work due to thelack of available jobs.

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"If you factor in those young adults, the millennialunemployment rate rises to 16.4 percent, which is virtuallyidentical to last month. Millennials have high expectations ofthose who were elected in November and are eager for the kind ofreal job growth that would finally, after years ofstagnation, afford them a chance to put their substantialskills to work."

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