How many of these young people will end up sitting in their old bedroom staring at a poster that reads Students for Obama?

Andrew Desiderio writes at the College Fix.

Jobless Millennials: Recent College Grads Move Back in with Parents

While the latest job numbers suggest a slight improvement in the U.S. economy, jobless Millennials – especially recent college graduates – continue to struggle.

U.S. employers added 217,000 jobs in May and the unemployment rate remained unchanged at 6.3 percent, the Bureau of Labor Statistics reported last week. With this news came renewed uncertainty for recent college graduates, many of whom are new entrants into the U.S. workforce.

Notably, the unemployment rate for those ages 16 to 34 increased from 9 percent to 9.2 percent in May, and from 10.6 percent to 11.1 percent for 20- to 24-year-olds. Most Wall Street strategists and analysts say the job market is still a long way from where it should be.

“Are we really creating enough jobs to bring people back into the work force? We’re not and we need to create more,” Byron Wien, a Wall Street strategist, told The New York Times.

For Millennials and recent grads, the situation remains bleak.

Last August, the Pew Research Center’s analysis of U.S. Census Bureau data found that 36 percent of 18- to 31-year-olds were living in their parents’ home – the highest share in at least four decades.

Not only will the slew of grads this month face a tough job market, but many Millennials still languish in this economic recession.

Take Alexis Gallagher, a 2013 graduate of Towson University who still cannot find a job in her field and lives with her parents.

Gallagher graduated with a B.S. in political science and mass communication and a concentration in journalism, was president and editor in chief of the Pre-Law Journal, and president of the Pre-Law Society at Towson. In addition to maintaining a 3.5 GPA, she interned three days per week on Capitol Hill, for which she had to travel from Baltimore, and also held a few part-time jobs throughout her college years.


 
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