The economy isn’t so bleak after all; for millennials, jobs are available.
Millennial unemployment fell to 8.2 percent in January, the lowest rate since June 2007, according to NewsOk.
Women have a lower unemployment rate than men, but that squares with long-term trends. The millennial rate remains higher than the general population, however. January unemployment stands at 4.9 percent for all Americans. Millennials struggle more than the rest of the population.
The rate could be higher, were it not for many college graduates returning for an advanced degree. Student numbers swell during recessions and economic downturns as students prefer more education to a negative job market. That keeps the unemployment rate lower than it otherwise would be.
Student loan pressures might become less of an issue. Millennials finding work, and gaining skills, helps them find a path for advancement and higher wages. Impressing the boss could lead to a promotion, and paying off those loans gives the federal government more revenue. Bernie Sanders has brought socialism back in vogue, but so far, capitalism is doing a good job of finding work for the youth.
