Young adult unemployment rate is higher than national average

Finding a job hasn't been easy since December 2006, when the unemployment rate was at 4.4 percent. Since then, the economy has been in a slow decline and ultimately snapped. The recession of 2008 laid a heavy burden on the American economy of which it is still trying to recover from, while the recent debt crisis in Europe only worsens matters. According to The Outlook, there are approximately 6 million Americans that have been unemployed for more than six months and the unemployment rate among young adults exceeds that of the national rate of 9 percent. Americans can rely on short term financing solutions to get them by, but in the long run, job creation is essential to fiscal recovery in the United States. "Something in the U.S. economy has changed since the beginning of the '90s," Marcello Estevao, economist for the International Monetary Fund, told the news source. "Not enough jobs are being produced." "The low rate at which unemployed workers are finding jobs predicts a slower decline in the unemployment rate," Murat Tasci, economist for the Federal Reserve Bank of Cleveland, said in a statement, according to the news source.