Things are still looking pretty bleak for Generation-Y’s struggle for employment, according to the U.S Department of Labor.
Their jobs report last January stated that the unemployment rate for millennials has increased to 13.1 percent.
Overall unemployment has just slightly risen to 7.9 percent nationwide whereas millennial unemployment experienced a more significant increase up from 11.5 the month before and 10.9 in November of 2012. This is the highest millennial unemployment rate since June of 2012’s 12.8 percent.
While these numbers may seem incredibly alarming, recent college graduates In America have found themselves in similar holes before.
When Ronald Reagan was president, the unemployment rate for Americans under 25 years of age was usually around 12 percent as well. It wasn’t until the end of Bill Clinton’s presidency that this rate shrank to 10 percent.
So in conclusion, we’re just as fucked as we were 5 years ago, but there is still hope because these things take time to fix and the sooner the right people take control, the less fucked we will be.
By that time, we’ll probably be digging in mines for the Chinese, anyway.
Sean Levinson | Elite.