The latest jobs report doesn’t hold much promise for millennials looking for work.
The overall unemployment rate for 18 to 29-year olds in December was 11.5 percent, according to the national, non-partisan organization Generation Opportunity, which analyzes the data specifically for that age range.
David Pasch, Generation Opportunity’s Director of Communications, told HuffPost Live Monday that those numbers don’t even account for the 1.7 million young people who aren’t counted by the Bureau of Labor Statistics anymore because they have given up looking for work.
“If you were to actually factor those in, effectively 16.3 percent of 18 to 29-year-olds did not get up and go to work this morning,” Pasch told HuffPost Live’s Jacob Soboroff.
Dan Schawbel, a managing partner for Millennial Branding, told HuffPost Live that jobs are available for millennials in high-growth industries like pharmaceuticals, construction, restaurants and technology.
“A lot of the problem that we’re seeing now is that students are unprepared for the market, and employers are not communicating their needs,” Schawbel told HuffPost Live. “There’s 3 million job openings right now, and they’re unable to fill them because they haven’t communicated the skills they need.”
Choosen excerpts by Job Market Monitor from
via Millennial Unemployment: 2013 Outlook Grim According To Latest Jobs Report (VIDEO).
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