16.8% of millenials are unemployed or have given up looking for work
Via our pal Michelle Fields at The Daily Caller:
New jobs numbers for June released Friday show that Americans 18-29 years old continue to suffer under the Obama administration with a 12.8% unemployment rate.
The jobs report shows that there are now 1.735 million young Americans who are no longer counted as “employed” because they have given up looking for a job and have left the labor force all together.
Generation Opportunity — a conservative non-profit focused on young Americans — notes that if “the labor force participation rate were factored into the overall 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.8 percent.”