14.4 percent of young people out of work in December
When mom and dad yell at you to get a job, now you can tell them you aren't the only one who's having a hard time landing one.
In a report released this month by Generation Opportunity, it found that 14.4 percent of young people ages 18 to 29 were out of work in December.
The report's findings reflect the U-6 unemployment rate, which not only represents people without work seeking full-time employment, but also counts "all marginally attached workers … plus [those] employed part time for economic reasons," according to the Bureau of Labor Statistics.
A breakdown of the report reveals that the U-6 unemployment rate among African-Americans is 21 percent, 14.8 percent among Hispanics and 21.1 percent among women.
"The declining labor force participation rate has created an additional 1.847 million young adults that [sic] are not counted as 'unemployed' by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to lack of jobs," according to the report.
Generation Opportunity is a national, non-partisan youth advocacy organization, which releases a monthly Millennial Jobs Report.
"The innovative spirit of our generation is slowly starting to produce benefits for the broader economy, in spite of policies that hamper it," said Corie Whalen Stephens, spokeswoman for Generation Opportunity, in a statement. "It's always great to see job creation, though much of the growth we saw this month was among part-time and low wage jobs. If politicians want to unleash our creativity to the fullest, they should rethink their priorities."
Alex Wexelman is a Senior Staff Writer for the Central Florida Future. Email him at firstname.lastname@example.org.