The 2014 '30 Under 30'

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

Unemployment among Millennials barely decreases in February

Unemployment LineWhile unemployment numbers among Millennials dropped 0.6 percent to 12.5 percent in February, the outlook is still grim for many young Americans, according to the latest jobs report released by the non-profit Generation Opportunity.

“After four years of debt-fueled government spending, far too many young people – nearly one in six – are still out of the game. This is unacceptable – my generation won’t put up with it for much longer,” stated Generation Opportunity President Evan Feinberg in a press release.

These numbers match the February jobs report released by the Department of Labor this morning, which saw the overall unemployment number drop down to 7.7 percent – its lowest level since December 2008. The U-6 rate, the Department of Labor’s broadest measure of calculated unemployment, also dropped 0.1 percent to 14.3 percent. These numbers are non-seasonally adjusted.

Some of the numbers for Millennials didn’t improve, however. Unemployment among young women rose 0.1 percent to 11.6 percent over the past 28 days, while an extra 1.7 million young Americans are still considered to be unemployed because they have given up looking for work due to the lack of available jobs in their chosen field. Unemployment with those 1.7 million Millennials factored in to the number remained steady at 16.2 percent.

According to Generation Opportunity, young Americans are extremely worried about the nation’s growing debt and believe that to be the biggest obstacle in lowering unemployment for Millennials in the near future.

“With one-sixth of all Millennials out of work, it’s never a good day to celebrate anything,” Generation Opportunity Communications Director David Pasch told Red Alert. “The numbers are still not good, and young people are screwed as the federal debt continues to increase. We’re basically being stuck with the check.”

While February’s report comes in advance of the sequestration cuts, which officially went into effect on March 1, Pasch doesn’t believe that the across-the-board cuts will have a major impact on youth unemployment for March.

“Depriving young people of economic opportunity is also a sequester – it’s requisitioning prosperity from my generation to pay for excessive government spending today. If the choice is between a government sequester or a youth sequester, young people should demand that we reduce government spending,” added Pasch.

 

Comments

Polititainment

Jenny McCarthy: Hillary could be lesbian

Tuesday's episode of "The View" spotlighted a recent New York Post report that claims former President Bill Clinton  has a mistress nicknamed "Energizer." The source of the Page Six story is a forthcoming book by Ronald Kessler entitled "The First Family Detail: Secret Service Agents Reveal the Hidden Lives of Presidents."

Pelosi talks naked photos on Colbert
Nancy Pelosi was a guest on The Colbert Report Monday night where she admittedly came on the show to push her “Middle Class Jumpstart” agenda. “What nefarious, northern California, San Francisco value are you pushing on the nation tonight?” Stephen Colbert sarcastically asked. Pelosi briefly explained that Jumpstart is a democratic plan that emphasizes the […]
EPA office tweets about Kardashian game

This is the closest the Obama administration will come to endorsing Kimye.

Sen. Ted Cruz featured on 'True Blood'
Anna Paquin, Alexander Skarsgård and Sen. Ted Cruz all in one place? Sunday night’s episode of HBO’s “True Blood” used the Texas senator and a fictional fundraiser at the George W. Bush Presidential Center in Dallas, Texas as a plot point. Cruz and the guests at the presidential library weren’t featured in a very positive light, […]
CBS Show based on Hillary and Benghazi
A new CBS television series was inspired by Hillary Clinton and Benghazi, the show’s producer announced this week at the Television Critics Association summer tour. Lori McCreary, an executive producer for “Madam Secretary,” and Morgan Freeman had been in talks with CBS about coming up with a scripted series and had been “trying to come […]

White House

Obama to fundraise at ‘Scandal’ creator Shonda Rhimes’ home Wednesday
It’s handled. The latest Democratic National Convention fundraiser featuring President Barack Obama, that is. “Scandal” creator Shonda Rhimes will host the latest in a series of Obama-led fundraisers at her Los Angeles home Wednesday, according to The Hollywood Reporter. Obama has been hosting fundraisers all over the country in the midst of a border crisis and […]
President ignores foreign policy and immigration crises in weekly address
Rather than discussing the multiple foreign policy concerns or the border crisis, President Barack Obama used his weekly address Saturday morning to essentially repeat his speech on the economy and the middle class. “Our economy grows best not from the top-down, but from the middle-out.  We do better when the middle class does better.  So […]
Michelle Obama uses third annual Kids’ State Dinner contest to promote healthy eating, promises to give up french fries
Chef Elena Hirsch’s winning omelet recipe—aptly titled “Barack-oli and Mich-room Obama-let” —landed the 11-year-old a seat at the third annual Kids’ State Dinner, held at the White House on Friday. Hirsch is one of the winners of this year’s “Healthy Lunchtime Challenge” contest.  The contest asks children ages 8 to 12  to submit healthy lunchtime recipes […]
Will Joe Biden’s off-hand comments on immigration force Obama’s hand again?
Will Vice President Joe Biden’s off-hand comments force President Barack Obama’s hand again? At the progressive conference Netroots Nation Thursday, Biden’s speech was interrupted by protesters chanting, “Stop Deporting our Families!” When Biden couldn’t get them to stop, he responded to them,  “I respect your view and I share your view.” He then encouraged the crowd […]
On Hectic Day, ‘No Drama’ Obama Sticks to Schedule
WALL STREET JOURNAL — Barack Obama’s unflappability was a selling point on the 2008 campaign trail, with aides proudly donning T-shirts reading, “No Drama Obama.” But as much of an asset as it was for the candidate, Mr. Obama’s steady-as-she-goes approach to life can cause problems as president. This conflict was on full display Thursday, […]

Congress

Cruz to Reid: Leave Ritz-Carlton, go to Border
After President Obama turned him down, Sen. Ted Cruz (R-TX) invited Sen. Harry Reid (D-NV) to join him at the border.  In response to Reid’s recent claim that the border is secure, Cruz said on Fox News Sunday that Reid’s perspective is skewed because he “lives in the Ritz-Carlton in Washington D.C.” “I would invite […]
Graham: Immigration reform crucial for 2016
Immigration reform will be crucial to the 2016 presidential election, at least one Republican senator believes. Sen. Lindsey Graham appeared on NBC’s “Meet the Press’” with David Gregory Sunday morning to discuss foreign policy and the border crisis. “Senator, the crisis on the border, immigration reform. This is an international problem. But it’s also a big […]
Cruz: Obama loves to blame problems on Bush
Why won’t President Barack Obama and Congress work to end Obama’s push for amnesty at the border? Sen. Ted Cruz (R-Texas) believes the reason stems back to the Bush era. Cruz’s argument is that Obama’s Deferred Action for Childhood Arrivals program is the reason for the surge of child immigrants from Central America seeking illegal entry into […]
Rand Paul wants to see minimum wage be 'temporary'
Sen. Ran Paul has a very different take on minimum wage from the Obamas, a point of detraction he made clear Saturday at the Reboot conference for libertarians and conservatives in the tech sector. Unlike President Barack Obama, who wants to see the minimum wage raised nationwide so people can live permanently on it, Paul argues […]
AZ Rep is tweeting #ObamaFailures every 30 minutes
Rep. Trent Franks from Arizona must have woken up Wednesday with a lot on his mind. Luckily in times like that, Twitter is always there for you. Franks took to his official Twitter page to begin a list of #ObamaFailures. Every 30 minutes he tweets another failure to add to the list and will continue […]