Millennials struggle with high unemployment rates, student loan debt and a bleak economic future…. but they do have the president they wanted. The Washington Post,
“The reason unemployment fell by four-tenths of a point (to 6.3 percent) in April while growth stalled is that 806,000 people left the labor force. The labor force participation rate fell four-tenths of a point to a level reached in 1978, which was during the Carter-era stagflation and early in the surge of women into the workforce. There are about 14.5 million more Americans than before the recession but nearly 300,000 fewer jobs, and household income remains below the pre-recession peak…
“There is, however, something new under the sun. The Pew Research Center reports that Americans age 25 to 32 — “millennials” — constitute the first age cohort since World War II with higher unemployment or a greater portion living in poverty than their parents at this age. But today’s millennials have the consolation of having the president they wanted.”
Leave a Reply