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Generation jobless: ‘Millennials’ struggle with unemployment

The struggles of middle-aged and older Americans during this economic downturn have been well documented. But what about the “millennials,” those born during the Reagan-Bush era?

It may be no surprise that many of them are unemployed — nearly 40 percent of Americans age 18-29 are out of work. That’s the highest rate in more than three decades.

But did you know that starting your first job search during a recession can result in challenges that last for years? That’s what the studies say. Need to Know’s Alison Stewart spoke with some recent grads who are just starting out — pounding the pavement to land that first job.

Producer: Abby Leonard

Related:

Share your own stories of the recession in The Pitch Room

Interactive: Jobless rates in context

Video: The young and the jobless, an interview with The Atlantic’s Don Peck

Video: Help wanted: The recession and the unemployment picture, from Nightly Business Report

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