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
Local

Two young children killed in deadly Queens fire

Two 4-year-old children died after a blaze at their Far Rockaway home on Saturday night. The Queens fire injured three others, including a third sibling.

National

Florida man charged with murdering son to play…

A Florida man annoyed that his 16-month-old crying son was preventing him from playing video games suffocated the toddler, police said on Friday.

International

Powerful 7.2 magnitude earthquake rattles Mexico

A powerful earthquake struck Mexico Friday, shaking buildings and sending people running into the street, although there were no reports of major damage.

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…

Television

'Orphan Black' recap: Episode 1, ‘Nature Under Constraint…

Welcome to “Orphan Black” Season 2! Hopefully Tatiana Maslany can help Tatiana Maslany get through this, with the help of Tatiana Maslany, while avoiding the…

Entertainment

Whoopi Goldberg makes her debut as marijuana columnist

"It helps my head stop hurting, and with glaucoma your eyes ache, and she takes the ache out. It's wonderful," she said.

The Word

Kate Middleton made fun of Prince William's bald…

Kate Middleton and Prince William are in Sydney, Australia, right now, and it sounds like that brash Aussie sense of humor might be rubbing off.

The Word

Is Tom Cruise dating Laura Prepon?

"Mission: Impossible" star Cruise is said to be dating Laura Prepon, star of "Orange is the New Black."

NBA

Deron Williams leads Nets over Raptors in Game…

The Nets traveled to a raucous Air Canada Centre but came out with an important Game 1 victory over the Raptors.

NBA

Carmelo Anthony agonizing over Knicks future as season…

There’s still the cloud hanging over the franchise’s head as to the pending free-agent status of All-Star forward Carmelo Anthony.

NFL

Jets host players with eye toward NFL Draft

The Jets hosted a number of NFL Draft hopefuls for workouts on Thursday, with an eye toward some under-the-radar players.

NFL

Chris Johnson: I wanted to go to 'a…

Now that Chris Johnson is a Jet, the team has to figure out if one of the most explosive players in the NFL over the last half decade has anything…

Parenting

How to parent without gender stereotypes in a…

Christia Spears Brown, Phd. author of "Parenting beyond Pink & Blue" gives advice on raising kids free of gender stereotypes.

Tech

VIDEO: 'Vein-scanning' may become the future of paying

Designed to make transactions quicker and easier, the technology works by scanning the unique vein patterns in each person's palm.

Tech

#FollowFriday: 10 of the smartest Twitter accounts

Spending lots of time on Twitter? You might as well learn something. Here are some of the smartest accounts to follow.

Style

Light-up nail art syncs with phone

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