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Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

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Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

Old 08-25-12, 10:56 AM
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Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

It seems very little gets mentioned of unemployment numbers of various groups. Came across this which you won't find on any of the major news networks.

Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

Labor Secretary Hilda Solis cheered a slight decline in the youth (16-24) unemployment rate, saying that it was a sign that the job market was improving for America’s young people.

“As young Americans all across the country prepare to head into a new school year, I'm excited to say that many more will take with them lessons learned through summer jobs,” Solis said

“It's no secret that the effects of the 2007 recession had a significant impact on job prospects for youth, but today's report showed positive signs that job prospects for young people picked up pace in 2012,” she said.

“Yesterday's report shows that youth employment rose by 2.1 million between April and July 2012, with 19.5 million young people employed last month. That's up from 18.6 million a year ago,” Solis said.

The same report found that the number of unemployed youth during this time period was 4 million, a number BLS said was “little changed” from last year’s figure of 4.1 million.

The report also underscored the fact that the youth unemployment rate actually increased from April to July, rising from 15.4 percent to 17.1 percent.

Her comments also leave out the fact that the number of unemployed youths hasn’t changed much, meaning that other factors besides a better labor market are behind the decline in the unemployment rate.

In fact, youth employment in July is little changed since President Barack Obama took office. In July 2009, 19.3 million young Americans were employed. In 2012, that number had risen by just 0.2 points to 19.5 million.

Another significant factor left out of Secretary Solis’ analysis is the shrinking labor force among 16-24-year-old Americans. In July 2009, 23.7 million young Americans were in the labor force – a number that declined to 22.7 million in 2011 and remained at pre-Obama levels in 2012, when 23.5 million young Americans were in the labor force.

Even more striking is the growth of young Americans that have dropped out of the labor force. In July 2009, 13.9 million young Americans were not in the labor force. By July 2012, that number had risen to 15.3 million.



CNSNews
http://cnsnews.com/news/article/labo...te-171-percent
Old 08-25-12, 11:35 AM
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Re: Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

There's a reason none of the major news networks picked this up...and CNSNews and Brent Bozell III
Old 08-25-12, 11:48 AM
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Re: Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

I would guess that number is between 20% and 25% here in San Diego.
Old 08-25-12, 01:32 PM
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Re: Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

We should abolish the minimum wage. It really hits this age group hard.
Old 08-25-12, 01:37 PM
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Re: Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

Originally Posted by focker View Post
We should abolish the minimum wage. It really hits this age group hard.
Having a sense of entitlement is what really hits this age group hard.
Old 08-30-12, 08:28 PM
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Re: Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

Originally Posted by sracer View Post
Having a sense of entitlement is what really hits this age group hard.


That segment of the economy is very difficult to evaluate by an unemployment number. There are many who could work if they really wanted to. There are minimum wage jobs a plenty. They just expect the employers to work around them and cater to their every whim.
Old 08-30-12, 08:29 PM
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Re: Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

Originally Posted by sracer View Post
Having a sense of entitlement is what really hits this age group hard.
And being smug is what really hits the boomers hard.

Man, this is fun!
Old 08-30-12, 10:56 PM
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Re: Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent

Tell them to get off my lawn! It is amusing that the "Baby Boom" generation has bankrupted the country, built up uncontrollable pensions (yes I know that these were promised many years ago), and in the same breath makes sure to note that this "lazy" generation will be required to pay for the baby boom retirees. The sooner this generation gets out of politics, and starts their 30+ year retirement, the better.

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