July 22nd, 2014

Millennials Make Up 40 Percent of the Unemployed

Millennials are Unemployed

Millennials don’t have it easy.

Many of them won’t find much comfort in encouraging headlines proclaiming economic recovery, or the recent news that the U.S. unemployment rate fell to 6.1 percent last month to the tune of 288,000 new jobs.

According to the Georgetown University Center on Education and the Workforce, nearly 40 percent of the unemployed fall into the millennial generation. That equals 4.6 million unemployed people, of which 2 million are long-term unemployed. Compared to the 4.2 million Generation Xers and 2.5 million baby boomers who are unemployed, being a millennial doesn’t sound like a ton of fun right now.

Career Implications

Although the Labor Department’s latest report states that the unemployment rate dropped to 6.1 percent from 6.3 percent, the numbers might be a little misleading. Generation Opportunity, a non-partisan advocacy organization, says that the unemployment rate for 18-29 year olds is actually 15.2 percent, if you include people who have stopped looking for work. These long-term unemployed are particularly concerning, as they’re likely to stay discouraged about their prospects in the long run.

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July 15th, 2014

College Graduates’ Job Expectations Don’t Match Reality

College Graduates’ Job Expectations Don’t Match Reality

A college diploma can’t guarantee success. It tips the odds in your favor when you’re competing against somebody with less education, but that doesn’t mean that the hard work is over. When you walk across that stage in your cap and gown and exit the college bubble, you’re replacing the stress of schoolwork with the stress of the workforce. And the scary bit is that this transition is not always fluid if you’re not ready for it.

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July 28th, 2010

Work With Credit Karma in Sometimes-Sunny San Francisco!

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That’s right, Credit Karma is hiring! Rain or shine and foggy or clear, Credit Karma’s San Francisco-based office is constantly moving and shaking to keep up with bringing almost 2 million consumers their free credit scores, helpful credit resources, and personal savings offers.

The question is… are you ready to be part of the action?

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July 22nd, 2010

Bad Timing: More Employers Do Credit Checks As More Consumer Credit Scores Fall

looking for job thumbs

It’s a pretty vicious cycle—without a steady paycheck, unemployed Americans’ shaky financial situations can often plummet credit scores. At the same time, employers are increasingly doing credit checks to screen job applicants.

So if unemployment is worsening your credit, it may very well be the things that costs you a job.

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June 18th, 2010

Job Interviews 101: On Lying and Your Personal Finances

Is it okay to lie about your salary when being interviewed for a job? A Daily Worth post called “A Little White Lie in Salary Negotiation,” which argued yes, it is okay to lie, sparked a heated controversy across the blogosphere and media. There were people on both sides of the argument on whether salary […]

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May 19th, 2010

What’s Uncle Sam Got In Store For Financial Reform?

The jumbo financial reform legislation sitting on the Senate floor has 200+ proposed amendments to overhaul Wall Street as well as Main Street. It’s aimed at regulating financial institutions and protecting consumer issues to avoid future financial meltdowns and better protect consumer interests. The legislation addresses everything from the creation of a consumer financial protection […]

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May 17th, 2010

Financial Advice For Graduates That All Of Us Could Use

Graduates will be walking off their college campuses this spring and right into the “real world,” where national unemployment has inched back up to nearly 10% again, the average college debt upon graduating is $20,000, and our economy’s recovery is still fragile and unstable. In fact, this situation of job uncertainty, heavy debt, and financial […]

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March 5th, 2010

House Passes Job Stimulus Bill—But Is It Enough?

With the national unemployment rate stagnant at 9.7%, lawmakers are hoping to spur more vigorous hiring among employers with a $15 billion bill that gives a temporary tax break to companies hiring new employees. This bill was just passed in the House and is awaiting approval in Senate. The measure is designed to create jobs […]

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February 9th, 2010

Dear Credit Karma – Credit Scores & Getting A Job

Dear Credit Karma, Why is it hard to get a job if your credit report is bad? In today’s economic climate, employers are being extremely selective in weeding through job candidates and are looking for candidates that demonstrate financial responsibility and financial stability. Once reserved for jobs dealing with significant money or government-related work, credit […]

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November 9th, 2009

Fact Sheet: Home Buyers’ Tax Credit and Unemployment Benefits Extension

When President Obama signed H.R.3548 – Worker, Homeownership, and Business Assistance Act of 2009, popularly known as the Home Buyer Tax Credit, he effectively extended the federal tax credit for first-time home buyers originally set to expire November 30, 2009 to April 30, 2009, and also extended unemployment benefits to bring relief to the current […]

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