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September 29, 2009

ObamaKids Prepare for a Decade in Mom's Basement

The dead end kids
The number of young Americans without a job has exploded to 53.4 percent — a post-World War II high, according to the Labor Dept. — meaning 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. The number represents the flip-side to the Labor Dept.'s report that the employment rate of 16-to-24 year olds has eroded to 46.6 percent -- the lowest ratio of working young Americans in that age group, including all but those in the military, since WWII.

HT: El Morgan

Posted by Vanderleun at September 29, 2009 9:50 AM. This is an entry on the sideblog of American Digest: Check it out.

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Posted by: The Count at September 29, 2009 4:39 PM

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