FOR IMMEDIATE RELEASE:

August 7, 2015

Contact: Sarah Schultz, sarah.schultz@younginvincibles.org, 202-734-6510

Millennial Unemployment Rate Falls Slightly and Remains Unchanged Nationally

[WASHINGTON ] — The economy added 215,000 jobs in July with the national unemployment rate remaining stable at 5.3 percent. The unemployment rate for young adults age 18-34 fell slightly from 7.7 percent in June to 7.5 percent in July (seasonally adjusted). While it is encouraging to see this slight improvement, Millennials are still significantly more likely to struggle to find work.

The unemployment rate for young black adults (not seasonally adjusted) fell by the greatest margin among this group, from 15.4 percent in June to 13.9 percent in July. Despite this narrowing, the unemployment rate for young black adults remains disproportionately high and is still more than double the rate of their white peers at 6.6 percent.

Here are more details on how different populations of young people fared in July 2015:

– The unemployment rate for black/African American young adults ages 18 to 34 is 13.9 percent (not seasonally adjusted) in July, down from 15.4 percent in June.

– The unemployment rate for Hispanic/Latino young adults ages 18 to 34 is 8.3 percent (not seasonally adjusted) in July, down from 9.3 percent in June.

– The unemployment rate for Asian-Pacific Islander young adults ages 18 to 34 is 5.2 percent (not seasonally adjusted) in July, down from 5.7 percent in June.

– The unemployment rate for white young adults ages 18 to 34 is 6.6 percent (not seasonally adjusted) in July, down from 6.9 percent in June.