December — Youth Unemployment 11.5 Percent, 22.1 Percent For Young Blacks


Tarpon's Swamp

The dismal jobs situation in America is even worse for young adults, who are suffering an unemployment rate 30 percent higher than the national average of 7.8 announced by Washington Friday.

According to Generation Opportunity, which charts unemployment for Millennials aged 18-29, the rate is 11.5 percent and a shocking 22.1 percent for younger black Americans.

Here’s their release just received by Secrets:

December’s Millennial Jobs Report: Youth Unemployment at 11.5 Percent

Washington, DC – (1/4/13) – Generation Opportunity, a national, non-partisan organization advocating for Millennials ages 18-29, is announcing its Millennial Jobs Report for December 2012. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:

The overall unemployment rate for 18-29 year olds for December 2012 is 11.5 percent (NSA).

The unemployment rate for 18-29 year old African-Americans for December 2012 is 22.1 percent (NSA); the unemployment rate for 18-29 year old Hispanics for December…

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