Class of 2013: All Dressed Up and No Place to Work

June 10, 2013 | | Alternet |

As members of the class of 2013 stepped on stage to receive their diplomas, the unemployment rate in America stood at 7.6 percent — a bit better than the past four years, but that ain't saying much. Before the financial crisis, students graduating in 2007 faced a much rosier jobless rate of only 4.7 percent. The fact of the matter is that the past four years of high unemployment numbers represent the worst economy the country has suffered in 70 years, and young adults are shouldering a hefty part of the burden.

When you look at the specific numbers for Millennials, things look even bleaker. As of April, the jobless rate for workers under age 25 was an alarming 16.2 percent. A study by the think tank Demos found that 18- to 34-year-olds make up 45 percent of those who can’t find work. That's a lot of stifled human potential.