New Report Shows Recession Taking Major Toll on Young
Reuters is reporting that the economic recession (soon to be a depression, in my opinion) have taken its toll on young Americans in particular. Since the recession began in late 2007, young people, particularly black and low-income young people, have found it increasingly difficult to find a job according to a new report published by Reuters.
Reuters stated, “Overall, 26 percent of American teenagers aged 16 to 19 had jobs in late 2009, said the report, which was based on U.S. Census Bureau data. That figure is a record low since statistics began to be kept in 1948, the researchers said.”
It’s no secret young people are having a hard time finding jobs in this economy. Just think why I started this blog in the first place. You have a plethora of recent college graduates that have great degrees that are doing nothing with themselves post-college. No jobs, no cars, no moving out of mom and dad’s house. Instead, they wallow with no work at all, temporary work, part-time work, or low-level service jobs (i.e. retail). Being that a good deal of college graduates or recently laid off skilled works now apply for temporary jobs, part-time work, or retail jobs, imagine how this effects those without a work history, hard skills, or a degree. What does the high school grad or G.E.D. grad do when jobs they once sought are being filled by those with higher credentials?