For workers ages 18-29, the unemployment rate hit 10.9 percent in November 2012, according to the Millennial Jobs Report by Generation Opportunity, a nonpartisan organization that advocates for millennials.
Among African-American workers ages 18-29, the unemployment rate is 18.5 percent while the unemployment rate is 12.5 percent for Hispanic workers ages 18-29, the report reveals. Female workers ages 18-29 are facing an unemployment rate of 10.5 percent.
As the work force’s participation rate has dropped, an additional 1.7 million millennials are not included in the unemployment figure by the U.S. Department of Labor, which means those workers are no longer looking for employment because of the few available jobs.
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