Unemployment for the young at 52.2% – a new post World War II high

The bracket that defines the “young” and their current unemployment level is the ages of 16-24. 52.2% of those in that age bracket are now unemployed, which is a brand new high since the end of the World War II, according to the New York Post. This means that millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time. Labor Deptartment statistics also show that the number of chronically unemployed — those without a job for 27 weeks or more — has also hit a post-WWII high.

“There is no assistance provided for the development of job growth through small businesses, which create 70 percent of the jobs in the country,” Angrisani said in an interview last week. “All those [unemployed young people] should be getting hired by small businesses.”

There are six million small businesses in the country, those that employ less than 100 people, and a jobs stimulus bill should include tax credits to give incentives to those businesses to hire people, the former Labor official said.

“If each of the businesses hired just one person, we would go a long way in growing ourselves back to where we were before the recession,” Angrisani noted.


No TweetBacks yet. (Be the first to Tweet this post)

Related posts:

  1. Illinois unemployment rate hits 25-year high at 10.1 percent From the state that us Hope and Change, Rev Wright,...
  2. Unemployment rate now at 9.5% – Hope and Change! Turns out the jobs cut for June was a little...
  3. 6 months later – Obama’s approval rating is 10th among the 12 post-World War II presidents According to the latest USA/Gallup Poll. His approval rating now...
  4. Hows that stimulus bill working? Unemployment rate now at 9.8% 9.8% is a higher number than 8% right? Because we...
  5. Despite the Christmas season hirings, December loses 85,000 jobs, unemployment rate stays at 10% Remember, the recession is over. At least that’s what Obama...

Related posts brought to you by Yet Another Related Posts Plugin.

September 27, 2009 · Filed Under General Politics

Share/Bookmark

Comments

Lets hear your point of view! - A warning to the liberal whiners who seem intent to flood our comment section with profanity. Save your keystrokes. The anti spamming script will just automatically delete your comment. Feel free to disagree with the host on any article posted here, but flame baits, racism, and profanity laced tirades will NOT be tolerated, and will eventually get your IP address banned!




www.e-referrer.com