Education

Unemployment for 18-29 year-olds is 16.1 percent

Ariel Cohen Contributor
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With the youth unemployment rate steady at 16.1 percent, President Barack Obama has not done enough to give more young people the chance to find a job, according to the College Republican National Committee.

The jobs report from the Bureau of Labor Statistics released Friday showed no change in the unemployment rate of 18-29 year-olds, despite the economy adding 162,000 jobs in July, just below the predicated 185,000 jobs.

Gallup recently released data showing that only 43.6 percent of 18-29 year-olds are employed full time.

“The new jobs report this morning only shows that stagnant economic growth is the new normal,” College Republican National Committee chairman Alex Smith told The Daily Caller.

Obama has made numerous promises to improve the job market and recently hit the road on a nationwide tour to promote the economy. But, according to the CRNC, Obama is not doing enough.

“The president has the ability to work with Congress to pass legislation like the Keystone pipeline, the Stop Government Abuse Act, and remove the detrimental parts of the health-care plan to create more jobs,” the CRNC said.

According to a recent report from the Department of Labor, only 33.3 percent of youth aged 16 to 19 are employed and 65.5 percent of youth aged 20 to 24 are employed.

The CRNC also cited student loans as a primary financial issue for unemployed youth.

“I think that young people are uniquely affected by this economy and that the president has the ability to fight that more than anyone else,” Smith said. “Young people want actions more than speeches.”

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