Even as the unemployment figure continues inching downward, one demographic isn't necessarily benefitting. Axiometrics Inc., in a recent newsletter, points out two things.
First, even with a slight dip in the unemployment rate (August figures from the Bureau of Labor Statistics reported 7.3% in unemployment), the unemployment rate for those 20-24 years of age isn't improving at the same rate as it is 25-34 years old.
And second, the higher unemployment among this demographic is the reason why younger renters are signing leases at class B and class C apartments.
Read more...Young Renters Filling Class B and C MF - Daily News Article - GlobeSt.com