Today’s job report showed bad news for everybody, but especially bad news for Millennials. It’s not that members of our generation are losing jobs - it’s that there simply aren’t enough jobs to go around.
For most Americans, today’s jobs report was merely bad. For young people, though, the news was just downright awful.
After declining for most of the summer, the unemployment rate for workers between the ages of 16 and 19 popped up again, rising from 23.8 percent to 24.6 percent. Among 20-to-24 year olds, it hopped to 13.9 percent from 13.5 percent in July.
These numbers don’t necessarily mean that thousands of young people are suddenly getting laid off again. Rather, they’re a sign of how hard it still is for teens and early twenty-somethings to find work.
Read more. [Image: Jordan Weissmann]