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BizReport : Research archives : July 09, 2012

Jobless numbers up for younger Americans

It may be summer but that isn't the slowing the search for new and better jobs. Both younger and older demographics are looking for something more - some for a first job, some for a better placement. Where and how are they hoping to connect?

by Kristina Knight

According to new data from Generation Opportunity nearly 13% of younger Americans (age 18-29) are out of work while another 1.7 million are not working and also not considered 'unemployed' because they've given up the job search.

"For young Americans, through no fault of their own, their story is one of few opportunities, delayed dreams, and stalled careers. Today's unemployment numbers tell the story of millions of young Americans who are paying the price for the failed policies coming out of Washington that have inhibited economic opportunity and job creation," said Paul T. Conway, President, Generation Opportunity. "Despite the challenges they face, this generation is not asking what their country can do for them. Instead, they stand ready to do more for their country, to continue their service beyond the contributions they have already made as brave defenders of freedom across the globe, as selfless rebuilders of disaster-torn communities here at home, and as confident advocates for greater opportunity for all Americans."

Overall the US unemployment rate (April 2012) was down to 8%, but that doesn't mean everyone is staying put in their current jobs. A new infographic out from Bizo shows Consultants, IT pros and Sales people are most likely to be looking for greener pastures while legal professionals, doctors and HR professionals are most likely to be staying put.

Tags: Bizo, Generation Opportunity, millennial demographic trends, unemployment rate

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