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

No criminal charges in fatal gun range shooting…

County law enforcement officials in Arizona said on Thursday no criminal charges are pending after a probe into a gun range incident in which a 9-year-old girl fatally shot her…

National

California passes 'yes-means-yes' campus sexual assault bill

Californian lawmakers passed a law on Thursday requiring universities to adopt "affirmative consent" language in their definitions of consensual sex, part of a nationwide drive to curb sexual assault on…

National

Syrian refugees top 3 million, half of all…

By Stephanie NebehayGENEVA (Reuters) - Three million Syrian refugees will have registered in neighboring countries as of Friday, but many remain trapped by the advance…

International

North Korean leader's money manager defects in Russia:…

A senior North Korean banking official who managed money for leader Kim Jong Un has defected in Russia and was seeking asylum in a third country, a South Korean newspaper…

Going Out

'Friends' coffeehouse Central Perk coming to NYC —…

"Friends" is coming back for a one-off special: "The One with the Free Coffee." Warner Bros. is bringing a pop-up replica of Central Perk, the…

Movies

Interview: 'As Above, So Below' directors: 5 ways…

The fraternal directors of the found footage horror "As Above, So Below" dish on the best ways to frighten the bejesus out of audiences.

Movies

Criterion's new Jacques Demy box mixes the light…

Jacques Demy, the most effervescent of French New Wave filmmakers, gets a Criterion box all to himself, with classics like "The Umbrellas of Cherbourg."

Entertainment

Comedian Joan Rivers, 81, rushed to New York…

NEW YORK (Reuters) - Acerbic comedian and fashion critic Joan Rivers was rushed to Mount Sinai Hospital in New York on Thursday after she reportedly…

NFL

3 things we learned in the Giants preseason…

The final score didn’t matter — a 16-13 win by the Giants — but it would’ve been nice to finally see Big Blue’s new-look offense get on track.

NFL

NFL Power Rankings: Seahawks, Broncos, Patriots, 49ers start…

NFL Power Rankings: Seahawks, Broncos, Patriots start at top

U.S. Soccer

5 facts about new England captain Wayne Rooney

Manchester United striker Wayne Rooney was named as the new England captain by coach Roy Hodgson on Thursday.

NFL

Jets vs. Eagles: 3 things to watch

A win on Thursday night at the Eagles would give the Jets a 3-1 record and just their second winning preseason under head coach Rex Ryan.

Style

Trend: White hot on the 2014 Emmy's red…

White was one of the big trends on the Emmy's red carpet.

Food

Recipe: Samuel Adams beer-marinated grilled shrimp

Summer calls for two things: a cold beer and light food. Sam Adams' Latitude 48 IPA fairly bursts with citrus notes, making it an ideal marinade…

Wellbeing

4 healthy ingredient swaps to make your meals…

When it comes to eating well, everyone knows they could be doing better. But cooking in an apartment on a busy schedule is a recipe…

Wellbeing

Heart trumps brain when it comes to movies…

When you need a good cry, do you reach for the movie that’s “based on a true story”? Science says you’re giving your brain far…