Millennial Wage Growth Severely Lags Steady Job Gains
[WASHINGTON]–As the economy added 223,000 jobs in the month of April and the national unemployment rate fell to 5.4 percent, the unemployment rate for 18- to 34-year-olds fell from 7.8 percent in March to 7.5 percent in April. The unemployment rate for young black adults is 12 percent in April (not seasonally adjusted), a more than 16 percent downward shift in one month.
report released this week found that in states like California, young Millennials have seen their wages fall 25 percent in the course of decade.
– The unemployment rate for Hispanic/Latino young adults ages 18 to 34 is 7.9 percent (not seasonally adjusted) in April, down from 8.8 percent in March.
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– The unemployment rate for Hispanic/Latino young adults ages 18 to 34 is 7.9 percent (not seasonally adjusted) in April, down from 8.8 percent in March.
– The unemployment rate for white young adults ages 18 to 34 is 5.9 percent (not seasonally adjusted) in April, down from 6.7 percent in March.
– The unemployment rate for Hispanic/Latino young adults ages 18 to 34 is 7.9 percent (not seasonally adjusted) in April, down from 8.8 percent in March.
– The unemployment rate for white young adults ages 18 to 34 is 5.9 percent (not seasonally adjusted) in April, down from 6.7 percent in March.