Unfortunately, it looks like the youth of today have a similar future to which they can aspire. Our "jobs creation" prez seems to be falling down on his job, unless of course, you are talking about the wartime and energy biz cartels.
Slice:
The employment bar has been set so low for the Bush administration that even a modest gain is cause for celebration. But we shouldn't be blinded by the flash of last Saturday's headlines. American workers, especially younger workers, remain stuck in a gloomy employment landscape.
For example, a recent report from the Center for Labor Market Studies at Northeastern University in Boston tells us that the employment rate for the nation's teenagers in the first 11 months of 2004 - just 36.3 percent - was the lowest it has ever been since the federal government began tracking teenage employment in 1948.
Those 20 to 24 years old are also faring poorly. In 2000, 72.2 percent were employed during a typical month. By last year that percentage had dropped to 67.9 percent.
Even the recent modest surge in jobs has essentially bypassed young American workers. Gains among recently arrived immigrants seem to have accounted for the entire net increase in jobs from 2000 through 2004.
Over all, only workers 55 and up have done reasonably well over the past few years. "Younger workers," said Andrew Sum, the center's director, "have just been crushed."
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1 comment:
Not to worry, young people. Since you won't be working full time, you will have even less of a chance to increase your decreasing social security benefits. Good thing benefit reductions are only targeted towards the "rich!"
Another round of applause for the Bush Administration!
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