Pity the unemployed, but pity especially the young and unemployed.
This August, the teenage unemployment rate — that is, the percentage of teenagers who wanted a job who could not find one — was 25.5 percent, its highest level since the government began keeping track of such statistics in 1948. Likewise, the percentage of teenagers over all who were working was at its lowest level in recorded history.
“There are an amazing number of kids out there looking for work,” said Andrew M. Sum, an economics professor at Northeastern University. “And given that unemployment is a lagging indicator, and young people’s unemployment even lags behind the rest of unemployment, we’re going to see a lot of kids of out work for a long, long, long, long time.”
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1 comment:
It is truly sad as I remember when Peaches and her class wrote President Clinton as they requested money for Summer Work Program and he started the program as many kids wrote who wanted summer jobs. But now I hear parents don't want President Obama to even speak to students let alone have them write the President. Well after President Obama repairs the US Economy and we get a new President I guess things will go back to what they were before. Yes Americans will again respect the President and his wife and Americans will allow the President to speak to kids about staying in school and even writing the President again.
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