New labor stats: Young Americans hardest hit by unemployment

More Americans under age 30 are out of work than any other age range

Don’t employers want vibrant, energetic, youthful workers anymore? The latest statistics from the Bureau of Labor show that America’s youth is the hardest hit when it comes to unemployment.

July numbers show that about 16.6 percent of 18 to 24-year-olds are unemployed right now.

10.8 percent of 25 to 29-year-olds are also out of work.

Unemployment is significantly higher for people under 30 than any other age range. Only people 30 to 34-years-old come close with an unemployment rate of 8.4 percent.

25-year-old Matthew Segal says he founded the non-profit organization OUR TIME to stand up for Americans under 30. In fact, he’s calling on members of Congress to cancel their vacations immediately and get back to work on unemployment during a time when young adults are struggling to nail down careers.

“Discern your best talent and market the hell out of it! Just get out there and begin networking like crazy,” Segal recommends to young adults. “Jobs and opportunities often arise from the least expected places. Also, volunteer frequently. Those positions often turn into job offers if the employer likes you.”

Segal says he’s concerned about the future ramifications for young people who are unemployed right now.

“Even more worrisome are the studies that show early unemployment being linked to lower income, broken families, and decreased happiness later in life.”

OUR TIME features a “Buy Young” section on its website, offering discounts up to 60 percent on products from young companies. Segal says the young companies featured have already created a combined 7,000 jobs.

“We believe it’s important to support them because they look out for OUR TIME’s constituency, Americans under 30. They grow fast and hire young,” says Segal. “Their companies have social agendas aimed at improving communities. And they are rethinking old business models and changing corporate cultures.”


News
Entertainment
Sports
Lifestyle
News

OMG! Exercise can make skin (and butt) look…

A moderate exercise regime can turn back time and actually reverse the skin's aging process, according to new research. The study showed that a minimum…

News

Mets mascot Mr. Met target of Bill Clinton…

Mets mascot Mr. Met has told how he ended up in the crosshairs of a Secret Service sniper rifle. The man behind the Mr. Met…

International

Jews in eastern Ukraine ordered to register, Kerry…

Secretary of State John Kerry condemned reports that Jews in eastern Ukraine had been ordered to register with the authorities "or suffer the consequences."

National

Chelsea Clinton pregnant with first child

Chelsea Clinton is pregnant with her first child.

Movies

Review: 'Transcendence' is not stupid but sometimes lacks…

The cyberthriller "Transcendence" explores artificial intelligence, nanotechnology and other ethical quandaries, but has too much ambition, if anything.

Television

Dick Wolf to bring fictionalized world of 'Law…

A&E has ordered a pilot called "D.O.A." from "Law and Order" mastermind Dick Wolf that will focus on real detectives reexamining cold cases. A trio…

Television

Shane West talks WGN America's 'Salem'

The actor on history lessons, a new network and showing his butt.

Music

Both feet on the ground with Aimee Mann…

What began with a cool double-bill of Ted Leo opening for Aimee Mann morphed into a full-fledged collaborative project that they're calling The Both. “There…

MLB

MLB video highlights: Red Sox score two in…

Lester shines in Red Sox win over White Sox

Sports

2014 Boston Marathon preview: Elite American, International runners…

2014 Boston Marathon: Elite American, International runners to watch

NBA

2014 NBA Finals odds: Ranking which playoff teams…

2014 NBA Finals odds: Ranking which playoff teams have the best shot at a championship. The Thunder, Clippers, Heat and Rockets lead the way.

NFL

2014 Patriots, full NFL schedule release date announced

2014 Patriots, full NFL schedule release date announced

Style

Light-up nail art syncs with phone

This Japanese technology syncs light-up nail art with your phone.

Wellbeing

Why is dance cardio taking off in NYC?

Instructors at some of the city's hottest classes explain why.

Travel

Earth Day travel in the Florida Keys

See why this eco-friendly destination deserves your attention.

Tech

Sorry, Facebook — FarmVille goes mobile with 'Country…

Zynga has released a version of the hit "FarmVille" tailored for smartphones and tablets in the hope of reaping a bumper crop of players.