Friday, July 04, 2014

Georgetown Study: Millennials Account for 40 Percent of Unemployed

Newsmax reports:
While many financial commentators were excited by the 288,000 gain in June payrolls reported Thursday, the news isn't so great for millennials.

Those of employment age born in the early 1980s and afterward account for 40 percent of the unemployed, or 4.6 million people, according to a study from the Georgetown University Center on Education and the Workforce which was provided to MarketWatch.

That total compares to 37 percent, or 4.2 million, for Generation X, and 23 percent, or 2.5 million, for baby boomers. Generation X consists of people born from 1965 through the early 1980s. Baby boomers are those born from 1946 to 1964.

Yet, some people want to raise the minimum wage and make young people even more unemployable!