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Job numbers just in showing 346000.
Americans applied for first time unemployment benefits bought.
The job market is particularly tough for recent college grads.
Many are now being forced to settle for little paying gigs others are dropping out of the workforce entirely.
And concerns their financial struggles could have a ripple effect on the economy for years to come.
He -- is it more now from Washington Peter explain why the lack of jobs for young people hurts workers of all ages.
Greg it hurts young people because they got a late start on adulthood but no job means no money to buy things and back -- what -- separate one.
You're saying to this generation you're going to be years behind its where you should be and that forces young people to delay getting married.
Delay buying a house delay buying a car.
And as we know those are some big drivers of the economy.
Right now the unemployment rate for sixteen -- 44 year olds sixteen point 2%.
It's more than double the overall seven point 7% rate and I spoke this week with -- McCann who graduated from Iowa State about four months ago he wakes up every day at 7:30 in the morning to send -- resonates so far 135 applications submitted on Linkedin but zero.
Job offers in his field -- -- says only a fraction of employers even write him back and the ones that do.
-- he lacks experience.
But a lot of them just say -- they're looking for people with more experience on -- entry level positions.
And where you'd think recent college graduate.
You know this would be kind of right up my Alley.
And the real problem Evan has is that it's hard to get the experience those employers state needs without any entry level out -- -- he'll catch 22.
Had a -- get experience and what she give me a job.
-- Peter how long is it gonna take for these young people to find jobs anyway -- It's hard to put out precise date on -- great but the jobs for young people are gonna start coming back when older workers who stayed in their jobs a few years longer than they wanted to because certain aspects were crushed.
The baby boomers are gonna retire and at some point you've got a major chunk of the workforce retiring and I should open up a lot of jobs for youth.
And if that's being delayed it's going to create a problem but at some point baby boomers will retire.
The real issue of course -- what happens in the -- -- how far behind more people getting.
-- Economists say -- grads who find themselves long term unemployed right out of school have lower lifetime earnings on average and that's another problem right.
Peter Doocy line in Washington Peter --
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