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.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.