Official black unemployment: 18-29 year olds at 22.3 percent

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In concert with PRonlineNews, Generation Opportunity President Paul T. Conway, former Chief of Staff of the US Department of Labor and former Chief of Staff of the U.S. Office of Personnel Management (OPM), issued the following statement in response to the July 2012 jobs numbers:

• The average youth unemployment rate for 18-29 year olds specifically for July 2012 is 12.7 percent (NSA)
• The youth unemployment rate for 18-29 year old African-Americans for July 2012 is 22.3 percent (NSA)
• The youth unemployment rate for 18-29 year old Hispanics for July 2012 is 14.0 percent (NSA)
• The youth unemployment rate for 18–29 year old women for July 2012 is 12.6 percent (NSA)
• The declining labor participation rate has created an additional 1.715 million young adults that are not counted as “unemployed” by the U.S. Department of Labor (BLS) because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
• If the labor force participation rate were factored into the 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.7 percent (NSA).

Generation Opportunity is one of the largest grassroots organizations connecting with Millennials through advanced social media outreach and traditional boots-on-the-ground organizing.

Click the hotlink to visit the Generation Operation website.

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