WASHINGTON DC - Generation Opportunity, a non-profit, non-partisan organization engaged in mobilizing young Americans on the important economic issues facing the nation, announced non-seasonally adjusted (NSA) 18-29 unemployment rate data for September 2012:
- The youth unemployment rate for 18-29 year olds specifically for September 2012 is 11.8 percent (NSA).
- The youth unemployment rate for 18-29 year old African-Americans for September 2012 is 21.0 percent (NSA); the youth unemployment rate for 18-29 year old Hispanics for September 2012 is 12.1 percent (NSA); and the youth unemployment rate for 18--29 year old women for September 2012 is 11.6 percent (NSA).
- The declining labor force participation rate has created an additional 1.7 million young adults that are not counted as "unemployed" by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
- If the labor force participation rate were factored into the 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.6 percent (NSA).