Millennial employers faced an unemployment rate of 11.5 percent in December, according to the Millennial Jobs Report by Generation Opportunity, a national, nonpartisan organization advocating for millennials.
They research also shows that the unemployment rate for African-American millennials in December was 22.1 percent while the unemployment rate for Hispanic millennials was 12.2 percent. Among female millennials, the unemployment rate was 10.4 percent in December.
With the declining labor force participation rate, there are now 1.7 million millennial left uncounted as unemployed by the U.S. Department of Labor, the research finds. In these cases, millennials have stopped looking for work because too few jobs are available. If the research considered the labor force participation rate, unemployment would jump to 16.3 percent.
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