By Torilynn Qualls |Staff Writer|
Unemployment continues to rise for the youth of America ages 18 to 24; a steady rate of 11.2 percent of all “Millennials” are classified as unemployed.
The Bureau of Labor Statistics (BLS) report released Oct. 22 showed that the economy added 148,000 jobs in the month of September versus the 180,000 that were expected.
The government projects three of the 30 occupations with the largest projected number of job openings by 2020 will require a bachelor’s degree or higher to fill the position; the remainder will likely require a high school diploma at most, according to USA Today.
Some critics blame the recent implementation of Obamacare for the lack of jobs for youth.
“Obamacare’s provisions are putting mandates, taxes, and requirements on small businesses that are preventing them from hiring young workers,” Evan Feinberg, president of “Generation Opportunity,” told Red Alert Politics.
“This job report shows that Obamacare and other ‘solutions’ coming from Washington are scaring off employers from hiring, and this generation is getting stuck in a cycle of part-time, temporary jobs – not the meaningful careers for which they studied,” said Feinberg.
Other critics claim it’s this generation’s idleness (young people not in school or employed) and loss of hope in actually getting a job that is causing these big unemployment figures.
“The Opportunity Nation,” a national campaign working to expand economic opportunity and close the opportunity gap in America, reported that big cities such as New York, Los Angeles, and even Riverside all have over 100,000 idle youth.
“The Millennial Job Report,” stated that the declining labor force participation rate has created an additional 1.8 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, and young people have given up looking for work due to the lack of jobs.
“There’s a whole pool of talent that is motivated, loyal, and hardworking, they just can’t get through an employer’s door,” Charlie Mangiardi told the Huffington Post.
Andrew Sum, director of the Center for Labor Market Studies at Northeastern University, told USA Today many people with a bachelor’s degree face a double-edged sword of rising tuition and poor job outcomes.
“We’re failing kids coming out of college,” said Sum.
He emphasized that, a college major can make all the difference for a job.
“We’re going to need a lot better job growth and connections to the labor market, otherwise college debt will grow.”
An attempt at dealing with idle youth is this “Year Up” program, a one-year, intensive training program that provides low-income young adults (ages 18 to 24), with a combination of hands-on skill development, college credits, and corporate internship.
Programs like “Year Up”, located on the East Coast and in San Francisco, help young people develop the technical and professional skills necessary to land higher paying jobs.
Student Jeyson Duarte said, “Not enough ‘baby boomers’ are able to claim retirement and leave their job positions, which results in no new job openings for young people.”
Adults aged 65 and over are not collecting their retirement, because they do not have the sufficient funds to support a retired life reported the US News.
The rising youth unemployment has left many young adults unsure about their future.