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Archives: Ideas

Young Money: Unemployment Reaches Historic Low, Youth Rate Edges Up

As the American economy gears into the summer months, the unemployment rate continued its downward trend, while the youth unemployment rate for 16 to 24-year-olds edged up slightly. In the month of May the overall unemployment rate fell to 3.8 percent, the lowest since 2000. While the youth ...

Young Money: Overall Unemployment Rate Falls Below 4%, Youth Unemployment Dips

Unemployment rate hits a historic low, youth unemployment dips to 8.4 percent.

For the first time in nearly two decades the unemployment rate dipped under 4 percent, with the unemployment rate for 18 to 24 year olds falling to 8.4 percent. This major milestone marks a strong jobs report which shows 164,000 jobs being added to the economy in the month of April. These numbers, ...

The Devastating Impact of Gun Violence on Young People

Stories of gun violence are all too common among young Americans. The United States’ gun violence epidemic disproportionately ravages young people, particularly young people of color. In short, gun violence is shattering a generation.

Why We’re Protesting Navient This Tax Day

We dug into Navient’s quarterly earnings report following the passage of the Tax Cuts and Jobs Act of 2017 to find out how the company planned to use their massive corporate tax windfall. It turns out wealthy Navient shareholders will be reaping virtually all of the $204 million tax cut benefits ...

Young Money: Youth Unemployment Falls, Overall Job Growth Remains Stagnant

103,000 jobs were added to the economy in the month of March, well under expectations and amidst volatility in the financial markets and unachieved promises from the tax law passed by President Trump and congressional Republicans. While overall employment gains are slow, and the national ...

Young Money: Labor Statistics Starting to Mirror Pre-Great Recession Numbers

A decade after the Great Recession of 2007-2008, the labor force continues to show signs of improvement, mirroring pre-Great Recession levels. The national unemployment rate has remained the same for the fifth month in a row at 4.1 percent, even as our economy added 313,000 new jobs in ...

Young Money: Despite Trump’s State of the Union Claims, Black Unemployment for Young People Remains High

Sign up to get each edition of Young Money–our newsletter on Millennials and money–in your inbox every month. Note: Beginning with today’s analysis, Generation Progress will begin publishing and analyzing unemployment and labor force participation rates for 25- to 34-year-olds, in addition to ...

State of Our Union

The Millennial generation, now the largest generation in America, diverges from preceding generations in important ways.  First and foremost, today’s young people are more diverse than any previous generation, with the number of foreign-born 18- to 36-year-olds mirroring trends not seen since ...

Leaving DACAmented College Students in the Lurch

This is a difficult time for the undocumented community and the staff at Generation Progress is sensitive to the worry and stress that the end of DACA has caused millions. This post is meant to serve as a set of resources for undocumented college students looking for next steps should they lose ...

Young Money: Year Ends with Mixed Signs From the Economy

The U.S. Bureau of Labor Statistics has released unemployment numbers for the last month of 2017, revealing both positive and troubling signs for the American economy. 148,000 jobs were added in December, with the unemployment rate remaining unchanged at 4.1%. The unemployment rate for young people ...

The Obstacles Unauthorized Students Face in Postsecondary Education

Colleges and universities, and the education they provide, are critical avenues for social mobility and economic success in the United States. Each year, about 65,000 unauthorized students who have been in the United States for five years or more graduate from high school, yet only an estimated ...

Young Money: In November, Youth Unemployment Rises While Labor Force Participation Falls

In November, the economy added 228,000 jobs and unemployment remained at 4.1 percent, bringing the 2017 year-to-date average to 4.4 percent. Youth unemployment climbed in November to 9.6 percent, up from 9 percent in October. The year-to-date unemployment rate for youth (defined as 16- to ...

Young Money: Youth Unemployment Rate Continues Downward Trend, Labor Force Participation Rate Remains a Challenge

Today the U.S. Bureau of Labor Statistics released its latest snapshot of the American economy. In October, 261,000 new jobs were added to the economy. The unemployment rate ticked slightly down to 4.1 percent, the lowest since December 2000. Estimates from September were revised, showing that the ...

Young Money: In September, Youth Labor Force Participation Rate Reaches Highest Level In 7 years

In September, the unemployment rate fell 0.2 percentage points to 4.2 percent while the economy lost 33,000 jobs—the first loss in jobs in seven years. Meanwhile, the youth unemployment rate, which tracks just those aged 16 to 24, ticked slightly upward from 8.9 percent in August to 9.1 percent ...

Seeking Sanctuary: How Schools Can Protect and Advocate for Undocumented Students

Generation Progress has identified key policies—based on practices already in place at many schools—all colleges and universities must enact to fully open the gates of higher education to undocumented students.

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