Our age group — ok, that’s a generalization even for the YAL blog, but my age group — is now unemployed at a rate of more than 50%. 52.2%, to be precise, of 16-24 year olds who wish to be employed are not. This is “the lowest ratio of working young Americans in that age group, including all but those in the military, since WWII.”
Meanwhile, “Labor Dept. statistics also show that the number of chronically unemployed — those without a job for 27 weeks or more — has also hit a post-WWII high.”
In other words, YAL’s message is targeted to those who have possibly been hardest hit by the policies of the Federal Reserve and our whole string of recent presidents and congresses.
Read more here.Published in