Tuesday, November 10, 2009

teenaged wasteland...,

CNN | Americans of all ages are being hurt by the weak job market, but the nation's teens are in a particularly bad spot.

The unemployment rate for teenagers in the labor force soared to 27.6% in October, up 1.8 percentage points from the month before and hitting a third straight record high, the Labor Department said Friday.

That compares with a 10.2% jobless rate for the nation at large.

"What we're seeing is a very tough market for everyone, but teens in particular who are looking for work just can't seem to find it," said Jim Borbely, an economist at Labor Department.

The surge in unemployment among 16 to 19 year-olds comes as the weak economy has forced a growing number of adults to compete for jobs that teens normally fill in industries such as retail and food service.

That's a big problem for teens, who are generally seen as less qualified than adults because they have fewer years of work experience.

At the same time, older workers with families and mortgages typically elicit more sympathy from employers than teens, who are seen as mostly interested in pocket money.

Given the challenges facing teens in the workforce, many have chosen to give up looking for a job altogether.

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H.R. 6408 Terminating The Tax Exempt Status Of Organizations We Don't Like

nakedcapitalism  |   This measures is so far under the radar that so far, only Friedman and Matthew Petti at Reason seem to have noticed it...