From Paul Conway of Generation Opportunity, which analyzes issues relevant to 18 to 29 year olds, comes the stunning data on unemployment for African-American 20-somethings:
Conway noted that the unemployment rate for young adults now stands at 12.7 percent, which is higher than the overall jobless rate of 8.3 percent.
“In addition to that, there are 1.7 million young adults who are no longer counted in that 12.7 percent because they’ve been out of work so long,” Conway said. If they’re included, Conway added, the young adult unemployment rate would be 16.7 percent.
“That number represents the highest sustained level of unemployment for young adults since World War II,” Conway said.
He gives other statistics for younger Americans.
“Unemployment for the Latino community of young adults is 14 percent,” Conway said. “For African-American young adults, it’s 22.3 percent.”
While we await the outcome of presidential and congressional elections that will determine the federal government’s approach to unemployment, here in North Carolina, there is already a sound plan to put the state’s economy back on a path to stability and prosperity. You’ll find it here.