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Unemployment Rate for Millennials Increases, Despite Unchanged Rate for All Adults

FOR IMMEDIATE RELEASE:

April 3, 2015
Unemployment Rate for Millennials Increases, Despite Unchanged Rate for All Adults
 
[WASHINGTON ]— As the national unemployment rate remains unchanged (5.5 percent in February and March) and the economy added 126,000 jobs, the unemployment rate for 18 to 34 year-olds increased to 7.8 percent in March from 7.5 percent in February (seasonably adjusted).Among young black adults, the unemployment rate in March fell to 14.4 percent, compared to 14.6 percent in February. That’s still an unemployment rate, however, that’s more than twice as high as for young white adults. A Young Invincibles report finds that lawmakers can help narrow this divide by reinvesting in higher education and aligning it with today’s workforce.Here are more details on how different populations of young people fared relative to the overall workforce in March 2015:

jobs numbers - march 2015

• The unemployment rate for Black/African American young adults ages 18 to 34 in March is 14.4 percent (not seasonally adjusted), down from 14.6 percent in February.

• The unemployment rate for Hispanic/Latino young adults ages 18 to 34 in March remained stagnant from February at 8.8 percent (not seasonally adjusted).

• The unemployment rate for Asian-Pacific Islander young adults ages 18 to 34 in March is 4.4 percent (not seasonally adjusted), down from 5 percent in February.

• The unemployment rate for white young adults ages 18 to 34 remained at 6.7 percent in March  (not seasonally adjusted), just as it was in February.