US: ‘Fewer Young Adults Hold Jobs Than Ever Before’ (CNN)

In Europe:

Europe’s Scariest Chart

In the US:

Unprecedented Record 1.2 Million People Fall Out Of Labor Force In ONE MONTH, Labor Force Participation Rate Tumbles To Fresh 30 Year Low

US Needs To Generate 263,700 Jobs MONTHLY To Return To Pre-Depression Employment By End Of Obama Second Term

Collapse: 50% Of Americans Poor Or Near Poor (Video)

Flashback:

– Hiding The Greatest Depression: How The US Government Does It:

The real US unemployment rate is not 9.8% but between 25% and 30%.

I told you many times before that this is the GREATEST DEPRESSION (and the greatest financial collapse in world history is coming)!

Prepare for collapse!


Fewer young adults hold jobs than ever before (CNN, Feb. 9, 2012):

NEW YORK — The share of young adults with jobs has hit its lowest level since the government started keeping records just after World War II.

By the end of 2011, only 54.3% of those between the ages of 18 and 24 were employed, according to a Pew Research Center report released Thursday. And the gap in employment between the young and all working-age adults is roughly 15 percentage points — the widest on record.

The Great Recession hurt the young more than most other age groups. Their employment decline has been steeper and their median weekly earnings fell by 6%, while holding steady for others, Pew found.

Only part of this can be explained by the growth in college attendance. While a greater share of 18- to 24-year-olds are in school than ever before, the employment rate has fallen regardless of enrollment.

For those in college, only 40.7% had jobs last year, down from 47.6% in 2007. And the employment rate for young adults not in school dropped to 65%, from 73.2% in 2007.

The jobless rate for 18- to 24-year-olds was 16.3% last year, compared to 8.8% for the overall population.

The weak job market has altered young adults’ lives and aspirations, the report found. It backs up earlier studies showing that young adults have had to delay major life decisions.

Nearly half of 18- to 34-year-olds say they’ve taken a job they didn’t want just to pay the bills, while another quarter have accepted unpaid work in order to gain experience. Nearly a third postponed getting married or having a baby. One in four moved back home with their parents after living on their own.
6 adult decisions delayed by the economy

But the young have maintained their optimism. Some 88% of 18- to 34-year-olds say they either have earned enough money now to lead the kind of life they want or expect they will earn enough in the future. Their older compatriots have a much darker view, with 28% of people over the age of 35 saying they will never earn enough.

1 thought on “US: ‘Fewer Young Adults Hold Jobs Than Ever Before’ (CNN)

  1. Thank you again for being one of the few websites brave enough to speak the truth. Looks like Harry Reid is reviving SOPA under a new name, so keep your eyes open. The only real news we can find is on the Internet, so they want to shut it down.

    The only reason this government has been able to keep people fooled is due to corporate control over all news outlets. NDAA was signed New Years when it was calculated fewer people would notice. What I find amazing are the number of people who still don’t know about it. If one turned on TV news, it was all about the straw men candidates for office, nothing of any value reported. What disturbs me is that this obfuscation works, many people of intelligence watch and believe it. Vote for Obama because the others are worse. When I tell them it no longer matters, they get angry, they won’t face the truth…..a totalitarian dictatorship isn’t a pleasant thing to be facing.

    A military police state is well on it’s way to the cities and counties near you. They will probably start by having the military patrol our highways. NDAA was the response to OWS, and OWS has dried up and vanished like dead leaves in a storm. I saw a news shot of the ones in Berkeley…..3 or 4 tents remain.

    They have not stopped with NDAA. Thursday, the house of corporate representatives gave Obama the line item veto….no coverage from any news site on the subject.
    It appears the powers that be are preparing for something very big. Otherwise, why the Fema camps, NDAA and all the rest? It might well happen this year.

    Russia & China established their own trade agreements leaving the US dollar out over a year ago, India and Japan are now joining them because Iran is a necessary trade partner for them. US sanctions are meeting real resistance, we have burned many nations in our quest to control oil rich nations. China has similiar agreements with several South American nations. Like you, I see a financial collapse coming. We have established military bases in a circle around the middle east, they retaliate by establishing a financial circle around us.

    When the US loses the reserve currency status, as you have written many times, things will go crazy. Food and energy prices will skyrocket, and unemployment will be much worse because our money won’t be worth anything. At some point, even the fools will realize the corporate media is a joke.
    Thanks for all you do.
    Sincerely,
    Marilyn Gjerdrum

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