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Jobs Report Shows Millennials Need A Republican President

Raffi Williams - June 5, 2015

Millennials continue to struggle under President Obama—no wonder 73 percent think finding a job will be difficult once they graduate. What my generation needs is the opportunity to achieve the American Dream, not the failed Obama policies that make it tough to find a job. Hillary Clinton would be more of the same. We need a new direction and a Republican president.

BACKGROUND:

The Unemployment Rate For 16-24 Year Olds Increased From 11.6 To 12.2 Percent In May. (Bureau Of Labor Statistics, Accessed 6/5/15)

The Unemployment Rate For 20-24 Year Olds Increased From 9.6 To 10.1 Percent In May. (Bureau Of Labor Statistics, Accessed 6/5/15)

The Unemployment Rate For 25-34 Year Olds Stayed At 5.8 Percent In May. (Bureau Of Labor Statistics, Accessed 6/5/15)

Survey of Young Americans’ Attitudes toward Politics and Public Service (Harvard Institute of Politics, 3/18/15-4/1/15)

119. Based on the current state of the economy, how easy or difficult do you think it will be for students in your class to find a permanent job after graduation?

Very easy…......................3%

Somewhat easy............. 23%

Somewhat difficult........61%

Very difficult..................12%

When Compared With The Overall Labor Market, The Young-American Economy Is “Sort Of Terrible.” “But a deeper look at the Young-American Economy today suggest that, in contrast to the overall labor market, it is still sort of terrible.” (Derek Thompson, “The Economy Is Still Terrible For Young People,” The Atlantic, 05/19/15)

“The Median Income For People Between 25 And 34 Has Fallen In Every Major Industry But Healthcare Since The Great Recession.” “A recent analysis of the Current Population Survey last year found that the median income for people between 25 and 34 has fallen in every major industry but healthcare since the Great Recession began.” (Derek Thompson, “The Economy Is Still Terrible For Young People,” The Atlantic, 05/19/15)

For Recent College Graduates Underemployment Is “High,” The Quality Of First Jobs Is “Getting Worse” And” Wages Are “Growing Slowly, If At All.” “Underemployment (the share of college grads in jobs that historically don’t require a college degree) is high. The quality of these first jobs is getting worse. And, for these reasons, wages are growing slowly, if at all.” (Derek Thompson, “The Economy Is Still Terrible For Young People,” The Atlantic, 05/19/15)

The Share Of Underemployed College Graduates Working In Low-Wage Jobs Has “Risen.” “When the New York Fed studied this question last year, it found that ‘the share of underemployed college graduates in good non-college jobs has fallen sharply, while the share working in low-wage jobs has risen.’ And, perhaps more concerning, this shift seems to predate the recession.” (Derek Thompson, “The Economy Is Still Terrible For Young People,” The Atlantic, 05/19/15)

Today’s “Young-Person Problem” Is A “Lack Of Good Jobs,” A “Dearth Of Raises,” And A “Shortage Of Opportunities.” “Summing up: Today’s young-person problem does not seem to be about a lack of jobs or a lack of participation. It is, rather, a lack of good jobs, a dearth of raises, and a shortage of opportunities for this historically educated generation to put its historic number of degrees to work.” (Derek Thompson, “The Economy Is Still Terrible For Young People,” The Atlantic, 05/19/15)


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