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Oh What a Time to Be Young! No Freakin Jobs!

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According to today’s job report, the overall unemployment rate (the percentage of people in the labor force not working but looking for work) in August rose to 9.7 percent, its highest level in 26 years. The teenage unemployment rate, however, is at 25.5 percent, its highest level since the Bureau of Labor Statistics began keeping track of such data in 1948.

Take a look at the chart below, which shows seasonally adjusted unemployment rates for teenagers (workers 16 to 19), nonteenagers (20 or older) and older workers (55 or older). You’ll see that teenage unemployment has always topped the other two, but it has been especially bad in this recession:

Of course, teenagers are likely to have fewer financial obligations than their older counterparts. But in a job market where older workers are expected to continue postponing retirement a little longer, the outlook still isn’t good for young Americans desperate for the work openings that typical turnover and attrition can offer.

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2 comments

  • I think it is problem. I'm 16 years old soon to be 17. And i tried every job that will hire teens and their isn't one person who will hire a teen or someone out of their race. There are times that I go into stores to fill out an application and there is a certain race that works there. And i fill out the application and they wont call back even though i ask the status of my application. I'm starting to think that stores are being judgmental to races out of theirs.
  • It doesn't seem to be a problem to me. It is time for people to find out who they are and what they are here for.....And get paid for it!!!!
    God gave us all talents, find yours and success soon follows!

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