The 2014 '30 Under 30'

Congrats to this year's 30 -- check out the full list here!

Unemployment rate among Millennials skyrockets in January

Looks like Millennials will continue to be in for a bumpy ride in 2013.

The latest jobs report from Generation Opportunity, a “nonprofit, nonpartisan organization that seeks to educate and organize young Americans on the challenges facing our nation,” found that unemployment among those aged 18-29 years old rose by more than 1.5 percent in January to 13.1 percent.

Unemployment among Millennials since 2008 is at the highest sustained level it has been at since World War II.

Earlier this morning the Bureau of Labor Statistics released its January jobs report, which found that unemployment increased nationally by one-tenth of a percent to 7.9 percent while adding 157,000 jobs to the workforce. The U-6 rate, the Department of Labor’s broadest measure of calculated unemployment, remained unchanged at 14.4 percent.

While unemployment among African-Americans aged 18-29 remained steady at a whopping 22.1 percent, Millennial Hispanics and women were the most affected by the jump. The unemployment rate among Hispanics went up nearly a full percentage point to 13 percent, and among women it went up 1.2 percent to 11.6 percent.

These numbers are non-seasonally adjusted, which means that they include the impact of holiday retail jobs from December, making the numbers “artificially low” according to Generation Opportunity spokesman David Pasch.

The fact that the declining labor participation among young adults not counted as “unemployed” grew by another 1.7 million jobs is also worrisome. Included in this group are Millennials who have given up looking for work because of the lack of available jobs in their chosen field.

“President Obama says America should be ‘investing in the generation that will build its future,’ yet four years of his government-driven economic policies have left us with record youth unemployment and an economy that is literally shrinking. My generation is suffering disproportionately,” said Terence Grado, Director of National and State Policy at Generation Opportunity.

“Instead of staying the course and doubling down on failure, we need a new strategy that encourages the private sector to grow, invest, and provide real opportunities for the millions of young people who have great skills, are ready to contribute, and have waited long enough.”

Pasch added that the current unemployment situation is “unacceptable for people our age,” and that the responsibility and blame for the high unemployment numbers rests with elected leaders in Washington, including President Obama.

He also noted that Obama’s share of the youth vote in 2012 decreased by 11 percent, signifying a shift in opinion of the president among this group of voters.

 

Comments

Comments

  1. Roger Mitchell says:

    Well peter pan you ain’t seen nothing yet this countries future is looking very dim unless you are a skilled tradesman these workers are getting more and more difficult to come by every yr. To many fishermen and not enough people to clean the catch or cut the bait as my old grand daddy used to say..

Polititainment

Jon Stewart ridicules John Kerry

Jon Stewart on "The Daily Show" Monday made fun of U.S. Secretary of State John Kerry for his inability to negotiate a ceasefire between Israel and Hamas after a 12-hour ceasefire between the two expired.

'True Blood' star takes on Sarah Palin

Kristin Bauer van Straten, who plays vampire Pam Ravenscroft on the HBO program, hit back at the former governor of Alaska for criticizing a recent episode.

Cher rants against Rand Paul
Thrown in between tweets about toothaches, costumes and pool time, Cher decided to rant about Sen. Rand Paul on Twitter Friday night. It was not clear what prompted the Twitter tirade. Cher had just finished giving an update on her toothache and five new “unbelievable” costumes when she switched gears. Mediaite postulated that she may […]
Joel helps explain GOP view on jobs
Apparently John Boehner’s press team is made up entirely of Billy Joel enthusiasts. The Library of Congress announced on Tuesday that this year’s Gershwin Prize for Popular Song will go to Joel. The prize “honors artists whose work has left a lasting impact on audiences and inspired new generations of performers.” And John Boehner’s press […]
Joan Rivers rips media over Israel

In which Joan Rivers takes a sledgehammer to the media.

White House

Golfer finds Obama’s golf ball in the woods, says president’s game is ‘off line’
President Barack Obama is “off line again.” Or at least his golf game appears to be. Instagram user larrydoh posted a picture of a Titleist 44 golf ball labeled “POTUS” on Saturday. He found the golf ball at the Congressional Country Club, one day after POTUS played the same course himself. “Obama played at Congressional […]
Polls: Obama White House incompetent at managing, worse than Darth Vader

The job of the administrative branch is to, well, administer the laws. According to a new Fox News poll released on Wednesday, most Americans think that the Obama administration is failing dismally at the task.

Obama wants ‘idealism and optimism’ for millennials in face of Congressional ‘crisis,’ refuses to recognize he is part of the problem
Now that “hope and change” seems to be played out, President Barack Obama has come up with a new catchphrase for millennials – “idealism and optimism.” In a speech at a Democratic National Convention fundraiser in Seattle, Wash. Tuesday night, Obama asked young people not to give up their natural idealism and optimism because of […]
President Obama admits he does not watch the news

During a speech during a Democratic National Committee event in Seattle, Washington Tuesday night, President Obama confessed that he doesn't watch the news. Throughout the speech, Obama predictably complained about the incompetence of our "broken" Congress and urged his liberal audience to get enthusiastic about voting for Democrats in the midterm elections this fall.

Congress and the President actually take action, Obama says ‘it’s so much fun’
“Girls just want to have fun,” Cyndi Lauper belts in her famous song. Apparently President Barack Obama wants to join her. “Let’s do this more often. It’s so much fun,” Obama said at a bill signing on Tuesday. Obama gathered in White House with members of Congress to sign the Workforce Innovation and Opportunity Act. This […]

Congress

Bridenstine on the #WarOnYouth

Oklahoma Republican Rep. Jim Bridenstine took some time Sunday to tweet about the #WarOnYouth, touching on the economic plight of Millennials today.

Congresswoman's 'miracle baby' turns one
Rep. Jaime Herrera Beutler (R- Wash.) and her husband Dan recently celebrated the first birthday of their “miracle baby,” Abigail Rose. The couple learned early into the congresswoman’s pregnancy that their baby had Potter’s Syndrome. The condition causes a lack of amniotic fluid which prevents the baby’s growth and development, especially of the kidneys. Jaime […]
Obama throws more fuel on lawsuit fire
It appears President Barack Obama plans to keep up his “So sue me” attitude this week. House Speaker John Boehner penned an op-ed Sunday in USA Today that outlined the specifics of the planned lawsuit against the president. He had announced in late June that he would file a lawsuit against Obama on behalf of the […]
Norton: 'You don't have a right to know'

Del. Eleanor Holmes Norton played down the importance of government transparency during a House hearing Friday, speaking out against Republican-led attempts to compel a White House official to appear before the Government and Oversight Committee.

Politicians struggle to 'live the wage'

Goodbye three-course power lunches at swanky D.C.  steakhouses. Hello Ramen noodles and PB&J.