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Let's get back to the unemployment figures I would just fully -- without some -- -- As you may well know take a look at least -- seven point 8%.
The unemployment rate we learned that on Friday dropping below 8%.
And the lowest during president Obama's entire presidency the lowest in fact since January 2009 but take a look at this.
-- eighteen to 29.
Year -- Eleven.
Is the unemployment rate that.
Obviously -- desperately high figure for applied group for the population that.
One assumes wants to look -- starting that Korea is starting to be independent hoping to be independent certainly.
By the age of 29 -- T Conway is president of generation.
Opportunity joins us now.
From our DC bureau good to see -- Paul.
Thank you very much for having that pool why why are we so much higher for these millennial -- while -- eleven point 8% -- seven point eight.
Well a couple of different factors first there's another thing here to point out.
Which is you have the eleven point eight million but you also have over one point seven million who are no longer counted in that workforce if you -- to -- the men.
The actual non seasonally adjusted employment rate rate now for young Americans would be sixteen point 6% laps.
Kept pretty stunning.
-- -- to your question there's two things that are going on here one businesses are very hesitant to take the risk right now -- invest capital.
In creating entry level jobs in new jobs for young people the second thing they have going on is the dynamic of older workers staying in the workforce longer trying to recoup.
Many of those losses -- they had in their retirement savings just a few years ago.
Hi interesting so part of the problem here is that people hanging on to their jobs longest so there are less opportunities.
At the -- -- the younger -- to replace them.
As one of the factors and I mean for -- -- -- go ahead and as you know well to invest an entry level jobs you need reasonable certainty that.
You're gonna make a profit that you can expand -- that type of thing but in an environment where taxes are uncertain and we have -- huge tax increases coming up in January.
But also where you're not certain about the regulatory environment.
There's a lot of hesitation that businesses go through in the ones who really get hit on the head with this thing or young workers who rate now still after last month.
Have the highest level of unemployment since World War II.
-- I didn't is -- -- a question here though poll about the training that we giving young people and yet we hear a lot of complaints.
Don't we are not a -- -- economy when not training people for the jobs that are available is that a fair point.
Actually to be quite -- -- -- I don't think it is in retreat -- if you take a look at some of the federal job pretty -- programs are.
Are in different departments like the Department of Labor and other things like that.
They're very focused on different regional economies and that type of thing where if -- business goes out you retrieve certain worker's.
But the thought that somehow colonials in and of themselves or not will -- for the new economy.
-- I completely reject.
Based on our conversations with employers and others you have a generation here that's very hard and they're very knowledgeable they accept.
Different changes in the work force and that type of thing very well the -- consume information 24 hours a day.
So they're set to go what's missing here is opportunity in one of the reasons why opportunities being messed.
It's because businesses don't have the confidence to go ahead and expand and I'll tell you the president and his team have actually come out and told young Americans this.
The key to this is to create more federal job training before you.
It's almost as if it's blaming this generation for not having the skills and -- that's just simply not true they're ready to go to work they need opportunity go.
Car and dressing and as you drill down even more into these.
Numbers -- -- you break it down into demographic.
Sections of the eighteen to 29 year old even more stunning I would putting up the figures on the screen here African Americas 21%.
Unemployment rate Hispanics twelve point 1%.
Women eleven point six fast staggeringly high figures do you do you see a way in which this will.
-- appalled that with so.
Overwhelming for President Obama in 2008 among the younger population.
Absolutely we take a look at the overall numbers -- now there -- three different polls that came out in the past month or so.
New York Times had the president sitting at about 53%.
Zogby had him sitting at 49% in the service employees union.
International poll had him sitting at 49% as well -- -- for eighteen to 29 year old it's.
And the key point here is 2008 -- had 66%.
But this demographic break carries arrangement between 4953.
That's already a massive -- In his popularity and we think -- sole reason for that pretty much is the fact that these people.
They can't find jobs if they aren't jobs -- -- series a part time jobs and their Brothers and sisters who now for several years.
Have been going through this and we think the lack of economic growth has absolutely impacted these people no doubt about it.
How what's your advice finally pull for -- an eighteen to 29 year old sitting -- struggling for -- thinks he's.
He -- -- is trained correctly taken the right course is what's your advice to them.
Two things real quick number one it's not your fault -- that policy in place and you're actually being hit.
With the circumstances.
In the results of that policy so understand it's a very competitive market that's not your fault.
The other thing -- -- toll is this you need to start thinking of yourself in terms of a solution.
To the problem that they're hiring official on the other side of the table has.
You need to understand who their competition is you need to know what challenges that business faces use all the online tools to get that information so that when you're sitting down there.
What's most important is to say how your skill set then you're education.
Poses the potential solution to their problem not just short term but long term because companies if they're gonna take a risk and -- they -- to know they gonna be there for awhile.
-- -- -- also be honest with them and say hey look.
I need this opportunity I really wanna come work for you this is what I think I -- further your mission.
Not a lot of people actually come in and have done the research on it and think of themselves and in terms of a solution Lotta people sit there and think wow.
I really -- -- tough competition and we please consider me do the homework and say I'm a solution.
All right pulled -- Connelly president of generation opportunity.
-- people to check out your website that generation opportunity don't hold is that correct -- that's right absolutely all right great to have you here thanks earlier -- very interesting indeed have a -- -- thank you.
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