Two years after the Great Recession officially ended, job prospects for young Americans remain historically grim. More than 17 percent of 16-to-24-year-olds who are looking for work can’t find a job, a rate that is close to a 30-year high. The employment-to-population ratio for that demographic—the percentage of young people who are working—has plunged to 45 percent. That’s the lowest level since the Labor Department began tracking the data in 1948.











A lot of these college grads will realize they would be in much better positions today if they hadn't spent 4 years sitting on their backsides, and running up enormous debts.
Speak fer yerself small c conservative
My son saved his pennies for two years and funded his own education, a physics degree...he is now in his last year with straight A's. Thus far 3 years of university self funded with no debt.
Dad has helped him out, as summer jobs this season were scarce, so he elected to continue studies during the summer in an effort to finish his degree early.
Given the economic straights we need more number crunchers not less!!
Cheers
Hans Rupprecht, C in C
1st St. Nicolaas Army
Army Group “True North"
Small C Conservative, even useful people are feeling the pinch. That's what happens when one hands the economy to someone who thinks in terms of Monopoly money.
Just saying.
which do you think sounds better . . .
"Barry's Depression"
"Obama's Depression"
Obamasiah's Depression"
Can't make up my mind.
Hans . . yer kid will do fine. He works, he pays his own way and he's taking courses other than "Post Racial Transgendered Grievance Mongering Sociology 355"
The ones that require math . . . he'll be fine.
And his dad is smart enough to have raised him that way.
Hans: good for your son! My hat off to him and you.
small c conservative: to take it one step further, many of them feel entitled to an easy job, when in fact most of them probably should be mowing lawns etc. But they have been raised to believe that such work is beneath them.
Tried to get my nephew to work on our farm last summer, it was like trying to bring a dead person to life, didn't matter what I offered to pay him.
"job prospects for young Americans remain historically grim" This is just the chickens coming home to roost.
Hans, good for your son.
Fred, I vote for Obama's Depression.
much of this "employment" issue has to do with attitude,lousy attitude is lookin for a job, good attitude has the job
The sub-headline says, "Nearly one in five recent grads is out of work. Could that hurt Obama’s reelection bid?"
Let's hope so!
Barry is to the U.S. what Trudeau was to Canada.
Leftists one and the same.
SCC,
This economy is brutal. Yeah, I would feel ripped off it I had taken loans to get a sociology degree, but college, while not being for everyone, is for some, even if it doesn't pay off right away. My first job out of college was cleaning a bar and washing dishes in a hotel. They called me "college boy" and made little jokes about how I was so good at washing dishes due to my education. In the end though, my degree stood me well in life. One of the problems is expecting kids right out of college to step into anything other than entry level jobs unless they got a trade school type education. Lots of engineers I knew ended up on the downhill side of their careers early too as skills got dated.
My kid just graduated from college; paid her own way too. She worked 2 jobs while full-time in school. Needless to say, one of those jobs opened up into a real job the second she graduated.
The kid works 16 hour days and loves it. I'm very proud of her. Her impetus for working hard: the contrast between my quality of life and that of her birth mother (drain on society).
OMG! I just clicked on the link. Could the destruction of the economic hopes of so many entering the workplace hurt Obama?!? Heaven forfend!
small c conservative. I pretty much agree. If your education path leads to massive debt and no useful skills, (easy to do with most U. degrees nowadays) you have been suckered. Big Ed has defrauded people badly selling the myths of their educational virtues (and they drain taxpayers for billions annually). You NEED a degree in order to make a million dollars more over your lifetime than dropouts! That may hold true for certain careers; Engineer, Lawyer, Doctor etc.
However, there are way too many "social justice" degrees whose main purpose seems to be to generate individuals whose only skill is to teach "social justice", with ever increasing passion and fervor.
I have a hard time with people who seem to think that a university degree is some kind of job training. In some cases it can LEAD to a job; in so far as it can show that the graduate can stick to something. This does NOT mean that Sociology or History graduates will get jobs as sociologists or historians. But if they go to a tech school and get a welding certificate, they most likely WILL get a job as a welder.
They could have by-passed the degree and gone right into welding. But, if they enjoyed getting their degree and learned stuff, that would be even better for them - the best of both worlds...
"I have a hard time with people who seem to think that a university degree is some kind of job training."
the truth . . . as an undergrad, I majored in Pub with a minor in Library Sleeping and couldn't find a job in either field.
Fortunately for me, the Army didn't care and took me anyway.
That's where I got my real education :)
Nah....reason these grads can't find a job is the same one which has them intent on voting for OBOZO....because he is cool, clever, and educated and by voting for him they think they are too.
Stuck on stupid!
Meanwhile today a survey of managers across Canada sez 57% plan on hiring next year. 25% were having a hard time finding qualified people. My own company shares this experience. We're hiring and finding it tough to find people. How's that hope and change working out for you America?
Hans, a physics degree is a real science degree, not like all those social "science" degrees that don't mean a thing. Kudos to your son and his supportive and proud Dad.
He could eliminate unemployment overnight if he got rid of the minimum wage. Let the free market determine the minimum wage.
Fred @7:34 I vote...
"present"
I graduated and felt lucky to get a job. Things were tight then. I looked after lab animals until I could get on the bench. Animal excrement is starting at the bottom I think. It did have it's benefits though, nobody bothered me and newborn mice look like hairless Lab. puppies. The goose was another story (we made our own antibodies).
Obama - Taking a bad situation and making it worse.
The article says, "More than 17 percent of 16-to-24-year-olds who are looking for work can’t find a job, a rate that is close to a 30-year high." That would include those who are recent University grads and those who have not gone to University. The problem is very widespread - but worse for those who took out loans to get an education and a ticket to hoped for prosperity. Can anyone see any parallels to the easy money mortgages underlying the crash we are just beginning to recover from. (The student loans may not be able to be discharged through bankruptcy but if the student ain't workin they ain't payin.)
PROBLEM SOLVED !!!!!
just add "or if unemployment goes over 2%" ;)
Warren Buffett Tells CNBC: ‘I Could End The Deficit In Five Minutes’
Universally respected super-rich Midwestern gentleman Warren Buffett recently sat down for an interview with CNBC’s Becky Quick reporting from the all-powerful mogul retreat in Sun Valley, Idaho. Buffett was asked to opine on the current deficit crisis and debt ceiling conversation/quarrel/tantrum currently on the minds of politicians and media types alike, and provided a level-headed and reasonably bi-partisan assessment. No, this will not be the end of the world, he made clear, before echoing some of the words said by President Obama on this issue, asking why are we putting a gun to our heads over this? But the money quote? He could end this in five minutes.
Buffet said: “I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”
What an arrogant blowhard Buffet is. This from the guy who is cowtowing to Obama by promoting that Billionaires should give away thier wealth - Gates too.
Well heres my question to Warren. If you are going to give it all away, then why are you bothering to earn any more. Reduce the cost of my Gillette blades - you don't need to make any more money.
Or better yet, give all of your money away NOW.
But he won't do either one.
"Universally respected..."
Must be a universe of fascists.
THis will be a good lesson for young folks. Voting does matter, especially who.
140% of college students at UC Santa Barbara voted for Obama, with union help - and they'll do it again. The ones who actually go to a polling booth get their 'news' from late night talk show idiots, and most young people, especially college students, just aren't inquisitive enough to wonder why the 'recovery' is the way it is.
Since not all students or young people are ignorant and useless progressives .... the point should be that their self reliant peers are probably doing better and will continue to do better than the entitlement set. Even some of those may have had the awakening realization that voting for the "cool" that was pitched to them by the left was not the smart thing to do.
Many voted for Obama ... few deserve him.
My eldest son went to college and ahs been working in the film/video field since graduation for some 5 years. I have pointed my younger son into the trades and he to has succeeded. I suspect that that's it's been fortunate for them to have found a spot. As for me I went through the environmental/civil engineering field and have been gainfully employed for some since leaving college some 36 years ago. I do feel that the trades are going to be where the mojority of hires are going to be.
bverwey
Our economy needs more engineers, geologists, welders, pipefitters, crane operators, carpenters, electricians, machinists, schedulers, cost control people, logistics planners, shippers, and the like. People who ACTUALLY MAKE STUFF. We do not need more people who push paper for the sake of pushing paper. WE need fewer regulations, less government and no minimum wage. Minimum wage is a government penalty on economic growth.
He could eliminate unemployment overnight if he got rid of the minimum wage. Let the free market determine the minimum wage.
Posted by: Sooke at July 11, 2011 9:15 PM
Here's a cat who understands economics and he has some venerable company who believed the same thing!
The great Austrian economist (and social philospher) Ludwig von Mises stated: In a free market there is no VOLUNTARY unemployment.
Admittedly, upon first encounter, such a statement seems outlandish, so inured are we to the baleful effects of ever-present government intervention.
BUT if you roll that around in your tired ole brain for a spell you'll probably agree.
Remember tho that with "free market" he's not just talking about minimum wages, but also income supports like UI, welfare, subsidies, tarrifs, & etc.
for some inexplicable reason my personal employment situation seemed to run counter to the trend.
in my hippie teens (prosperous 60s) I ached to get work at a local lumber mill and faced the usual 'git yer hair cut'. what that had to do with the ability to rip a board exactly parallel escapes me.
p.s., I live 3 blocks from the place now. it's all boarded up some 15-20 years now. karma on them eh? heh heh heh.
The sky is falling, the sky is falling...oh wait, maybe it isn't falling:
Gross Domestic Product has grown for the past seven quarters, starting in June 2009; the Institute for Supply Management showed its index of manufacturing rise again in June. It has stayed at levels indicating expansion for the past 23 months; oh, and the Bureau of Labor Statistics reports that the unemployment rate went down in the majority of cities and their surrounding suburbs over the past year.
US debt was much higher after WW2, yet somehow eveything worked out...taxing corporations and the wealthy helped eliminated the debt. Oh no, the "T" word. How could a proven solution to national debt possibly work now?
Never mind...back to your Teapublican alternate universe.
The US and Canada post WW2 recessions were usually sharp and short, with massive
temporary layoffs while things got sorted out, followed by massive rehiring. Now Obama's
wrecking crew are on the "Euro policy" path which consists of funding what will become the
permanently unemployed underclass detached from the productive economy and existing in a
welfare check plus cash only underground economy. Shades of Thugo Chavez.
.
What Obama won in 2008 and what he is having trouble capturing again is the white middle class. That swing is what pushed him to victory.
Kids...well guess what they didnt vote in the numbers expected. So your headline should be
"Getting the Government they would have voted for, and told all their friends they did vite for, if they stopped tweeting and got out of the house."
Iberia -
Check out " Conrad wants $2 trillion " in today's Wall Street Journal, and you'll see the numbers don't add up re taxing away the deficit.
It's only fair that that demographic gets screwed - they voted him in.
Hans - Good for your son ( and, of course, you ).
A physics degree is true vocational training. Most college degrees, including 90 percent of business degrees are not; most don't even teach you the ability to reason.
We certainly need more people with the ability to reason, and number-crunching - specifically, applied mathematics such as that used in physics - is in my view the best way to learn it.
Agree with several above. You want a real job? Get trained to do or make something real, tangible and in demand. No more airy-fairy, artsy-fartsy degrees that teach you how to philosophize with Flipper.
No minimum wage. I always hear people say "I wouldn't work for minimum wage! It's not worth it". I have the opposite perspective. If you can't put together a Big Mac, fries and a Coke and get the order right after reading it off a screen 2 feet from your face - YOU are not worth minimum wage!