Dan Cirucci: Actual Youth Unemployment Now At 14.7%

Friday, November 7, 2014

Actual Youth Unemployment Now At 14.7%

Generation Opportunity, a national, non-partisan youth advocacy organization, is announcing its Millennial Jobs Report for October 2014. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:

The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 14.7 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 9 percent (NSA).

The declining labor force participation rate has created an additional 1.906 millionyoung 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.

The effective (U-6) unemployment rate for 18-29 year old African-Americans is21.9 percent (NSA); the (U-3) unemployment rate is 17.4 percent (NSA).

The effective (U-6) unemployment rate for 18-29 year old Hispanics is 15.3 percent (NSA); the (U-3) unemployment rate is 8.8 percent (NSA).

The effective (U-6) unemployment rate for 18-29 year old women is 12.5 percent(NSA); the (U-3) unemployment rate is 9.3 percent (NSA).

Evan Feinberg, President of Generation Opportunity, issued the following statement:

"As we saw on Tuesday, young people are rejecting the era of big government that put us in this dire economic situation. Washington’s new leadership should view this as a chance to take seriously the task of decreasing youth unemployment and ensuring a better future for young people.

"It’s encouraging that today’s numbers indicate an incremental improvement for our economy. But the reality is that job prospects are still unacceptably bleak for my generation.

“When Americans decisively voted for limited government on Tuesday, they confirmed that jobs and the economy are their top priorities. Young people in particular sent Washington a clear message: get out of our way.”

Generation Opportunity is a national, non-partisan organization advocating for economic opportunity for young people through less government and more freedom.

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About Dan Cirucci

He has been cited by Rush Limbaugh, quoted in the New York Times, featured at Real Clear Politics and Lucianne.com and interviewed on radio, TV and in social media.

He's Dan Cirucci, the founder and editor-in chief of the Dan Cirucci Blog, Matt Rooney's sidekick on Save Jersey's videocasts and one of the most widely honored public relations professionals in his field. He's also been a public relations consultant to numerous organizations and individuals and hosted The Advocates on RVN-TV.

Inducted into the Philadelphia Public Relations Hall of Fame, for many years he served as a Lecturer in Corporate Communication at Penn State University. A former President of the Philadelphia Public Relations Association (PPRA) he has lectured at Rowan University, Temple University, The College of New Jersey and Arcadia University. He has conducted workshops on public relations for thousands of participants throughout the nation and has taught countless others the art of public speaking. He has also advised numerous lawyers, judges, public officials and political candidates.

Cirucci is a prolific writer and his op-ed pieces have appeared in the Philadelphia Daily News, Philadelphia Inquirer, Courier-Post and other publications.

A native of Camden NJ, Cirucci is a former President of the Philadelphia chapter of the International Association of Business Communicators. Cirucci served as Associate Executive Director of the Philadelphia Bar Association for nearly 30 years. He served as Chair of Penn State University's Professional Advisory Board for the Corporate Communication major at Penn State Abington and on the Pennsylvania Bar Association's Judicial Selection Commission.

He received his MA degree from Rowan University and his BA from Villanova University. He has been named a Distinguished Alumnus of Rowan's public relations program and received the E. A. "Wally" Richter Leadership Award, the highest honor from the National Association of Bar Executives' Communications Section. He has also been honored by numerous other local, state and national groups.

In his hometown of Camden, Cirucci taught fifth grade at the Ulysses Wiggins Elementary School named for the founder of the Camden NAACP. There he was one of the first teachers in the country to teach African-American history to inner city students. He later served as editor of a local weekly newspaper, as Assistant to the Township Manager of Cherry Hill Township and as Associate Director of Communications at the New Jersey State Bar Association.

Cirucci's passions include politics, the popular culture, books and authors, art, communication, music, theatre, movies, dining and travel.

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