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September 2014: Millennial Unemployment Is Almost 50% Higher Than the National Average

FOR IMMEDIATE RELEASE:

October 3, 2014

Contacts: Colin Seeberger, colin.seeberger@younginvincibles.org214.223.2913; Sarah Lovenheim, sarah.lovenheim@younginvincibles.org585.746.8281

Millennial Unemployment Rate Is Nearly 50 Percent Higher Than the National Average

[WASHINGTON]— As the national unemployment rate fell slightly to 5.9 percent and the economy added 248,000 jobs in September, the unemployment rate for 18 to 34 year-olds dipped slightly to 8.6 percent from 8.7 percent in August (not seasonably adjusted). Here is more information on how different populations of young adults fared relative to the overall workforce in September 2014.

Sept Jobs

• The unemployment rate for Black/African American young adults ages 18 to 34 in September is 16.2 percent (not seasonally adjusted), down from 17.8 in August.

• The unemployment rate for Hispanic/Latino young adults ages 18 to 34 in September is 8.8 percent (not seasonally adjusted), down from 9.2 percent in August.

• The unemployment rate for white young adults ages 18 to 34 in September is 7.2 percent (not seasonally adjusted), up from 7.1 percent in August.

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