ECONOMY:: The Great Millennial Meltdown | Washington Free Beacon
By MB Snow at August 2, 2012 | 11:04 am | Print
BY: Tyler O’Neil –
Millennials are bearing the brunt of the slow recovery and losing faith in President Obama, according to Paul T. Conway, former Chief of Staff at the US Department of Labor and current President of Generation Opportunity.
On Friday, the Labor Department will release its jobs report for July. Their June report put the unemployment of young adults (18-29) at 12.8 percent, but 1.7 million young adults went uncounted because they have stopped looking for work. Taking account for them increases the jobless rate to 16.8 percent.
“This means that this generation is the hardest hit since World War II,” Conway told the Free Beacon. The sluggish economy creates “a devastating delay in the careers and the dreams of young Americans.”
via The Great Millennial Meltdown | Washington Free Beacon.
