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
National

Thousands protest in New York over Eric Garner…

The Reverend Al Sharpton led thousands of chanting but peaceful activists in a march across Staten Island on Saturday to protest the death of Eric Garner.

International

Egypt calls for Gaza ceasefire as fighting rages

Egypt called on Israel and the Palestinians on Saturday to halt fire and resume peace talks, but violence continued unabated.

National

SpaceX rocket terminated in Texas test flight

A Space Exploration Technologies’ Falcon 9 rocket suffered an anomaly shortly after launch on a test flight, triggering its automatic termination system.

Local

MAP: New York City Street Closures August 22,…

The Percy Sutton Harlem 5K and NYC Family Health Walk-a-thon and Pakistan Day Parade and Fair will cause traffic delays and street closures in New York City this weekend. Plan…

Music

Arcade Fire concert review, Massachusetts, Aug. 19

Arcade Fire take the opposite approach of "Shut up and play the hits," and it works in their favor on the "Reflektor" tour.

Television

Recap: 'The Knick,' Season 1, Episode 3, 'The…

The third episode of Steven Soderbergh's "The Knick" finds Dr. Thackery (Clive Owen) meeting an old flame and other characters embracing self-destruction.

Music

Webcast: Watch Polyphonic Spree live on Sunday Aug.…

Polyphonic Spree singer Tim DeLaughter sits with Metro Music Editor Pat Healy for a chat and then the big band performs live. It begins on Sunday at 9:30 pm

Movies

Matthew Weiner on directing 'Are You Here' and…

"Mad Men" creator Matthew Weiner discusses his movie "Are You Here," his history writing comedy and the tiny movie he directed in 1996 you can't see.

NFL

3 things we learned about the Giants in…

The Giants claimed the Snoopy trophy in a battle of MetLife Stadium tenants Friday night. But more importantly, the offense finally showed some life in…

NFL

3 things we learned about the Jets in…

The Jets lost the Snoopy Bowl, 35-24, to the Giants, losing the trophy and local bragging rights.

NFL

Fantasy football draft guide: How to draft your…

Many are wondering if we’re entering a new age in fantasy football drafting — one where running backs take a backseat.

NFL

Jets vs. Giants: 3 Giants storylines to watch

The Giants have plenty to work on as they reach the dress rehearsal preseason game Friday night against the rival Jets.

Wellbeing

Asics is giving away free gear around NYC…

Asics wants to see you on the court - and in the stands for the U.S. Open, which begins Monday - by giving away free…

Sex

Big weddings may lead to long-term happiness

Dreaming of a big wedding? A new study indicates that the longer your guest list, the happier you’ll be in the long run. l A…

Sex

Online dating for every generation

Frank Jackson and his mother Maggie are like lots of modern families: They have dinner together regularly, keep each other updated on their lives —…

Wellbeing

Going green could be the key to getting…

If we could just pursue the things that would actually make us happy, we could help the environment too, according to a New York researcher.…