Press Releases - August 2014: Young Adult Unemployment Rate Over 40 Percent Higher Than the National Average

FOR IMMEDIATE RELEASE:

September 5, 2014

Contacts: Colin Seeberger, colin.seeberger@younginvincibles.org, 214.223.2913; Sarah Lovenheim, sarah.lovenheim@younginvincibles.org, 585.746.8281

Millennial Unemployment Rate Over 40 Percent Higher Than the National Average

[WASHINGTON]— As the national unemployment rate fell slightly to 6.1 percent and the economy added 142,000 jobs in August, the unemployment rate for 18 to 34 year-olds dipped slightly to 8.7 percent from 8.8 percent in July (not seasonably adjusted). Here is more information on how different populations of young adults fared relative to the overall workforce in August 2014.

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

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

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

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