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Economy
16.8% of millenials unemployed or have given up looking for job
2012-07-07
New jobs numbers for June released Friday show that Americans 18-29 years old continue to suffer under the Obama administration with a 12.8% unemployment rate.

The jobs report shows that there are now 1.735 million young Americans who are no longer counted as "employed" because they have given up looking for a job and have left the labor force all together.
The real unemployment rate would be about 15% if all the people who left the market were counted. Even the MSM would have to notice that...
Generation Opportunity -- a conservative non-profit focused on young Americans -- notes that if "the labor force participation rate were factored into the overall 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.8 percent."
There's an opportunity here for Republicans to gain the votes of a generation, if it's played right.
Posted by:lotp

#18  My oldest is in this generation and he and his friends are too lazy to pour ravioli out of the can. most of them get by by hooking up with some baby-mama and eating her foodstamps and sleeping on her couch till she gets tired of them. about %10 have a decent work ethic and do have jobs - which leaves them with moochers on the doorstep most any day they are off work.

my 20yr old step-son with an advanced EMT license thought turning one online app a month was 'looking for a job' till i kicked his ass. unfortunately, his mom went and petted him till his tears dried then he announced 'I am taking class in the fall for paramedic' and considers that his contribution to humanity for then next 2 years.

he and his friends collectively are not worth a pinch of owl shit tho there are a handful of stars among them. problem is that so may are so worthless that the few good ones are not worth the sorting to find.
Posted by: abu do you love   2012-07-07 21:22  

#17  I doubt if I could still legally mow neighbors' yards fo enough money to go to the movies.
Posted by: Deacon Blues   2012-07-07 17:37  

#16  "I think they call it "welfare" Barbara."

You're probably right, grom. I didn't even think of that.

Guess that shows how far out of the mainstream I am. :-(
Posted by: Barbara   2012-07-07 15:25  

#15  When I was a teen I made money weeding gardens for neighbors, etc. I spent all yesterday weeding my garden because I can't find a teen willing to sweat and get bitten by bugs for minumum wage (and I wasn't planning on paying SS either.) Unless I practice my Spanish and hire a Mexican teen.
Posted by: Glenmore   2012-07-07 15:20  

#14  did anyone notice that the disability rate increased @ the same amount as the employment rate? A lot of skateboard accidents in Obamanation
Posted by: regular joe   2012-07-07 15:11  

#13  Also knew a guy who like to get eff'd, sure it interfered with his good job, got him fired. Found out with the severence he could make rent and dues and get eff'd...so why work?
Posted by: swksvolFF   2012-07-07 15:09  

#12  From what I have distilled:

They work odd jobs for cash.

Do not keep bank accounts except for gov reasons.

Apply for any and all gov, private, and religious payout programs even if it does not necessarily apply to them.

Theft.

Show up for interviews so bombed or otherwise unhirable they do not get hired but can prove they are still looking.

Selling stolen goods/drugs.

Get so eff'd up food and shelter is not a priority.

Double up on house capacity.

Trade sex for stamps, either voluntarily or by using a partner; getting knocked up = more benefits.

Rinse, flush, repeat every 12 year old.

Against the law to shut of electicity, gas, given free phones. With the right math, I believe they have more purchase power/hour worked than three of me.
Posted by: swksvolFF   2012-07-07 15:07  

#11  That puts teen unemployment up.

That is why we need to raise the minimum wage - so people who aren't working could make more money if they were working.
Posted by: SteveS   2012-07-07 15:00  

#10  underemployed - they take the jobs teens used to do as a first job, any job. That puts teen unemployment up.
Posted by: Frank G   2012-07-07 14:53  

#9  I think they call it "welfare" Barbara.
Posted by: g(r)omgoru   2012-07-07 14:46  

#8  Age aside, can anyone explain to me "given up looking for work"?

I don't doubt it for a minute, but how are these people living? They can't all have unemployment forever, or make $50,000 tax-free cash dollars a year standing on the corner begging for money.

What do they do for money/food/housing? I know some moved back in with/never left Mama, some are dependant on a spouse, etc., but how do most of them survive?
Posted by: Barbara   2012-07-07 14:10  

#7  MY kids are of this generation. They seem to prefer to be career students to working outside of their chosen field. Finished undergrad, moved out, got married, before starting to pile up the student loans. On the plus side, they get affordable student health insurance...
Posted by: Glenmore   2012-07-07 13:45  

#6  My kids are of this generation and looking at them and their classmates the reality of the new Carter is writ large in their reality. They will be the next Reagan generation.
Posted by: regular joe   2012-07-07 13:31  

#5  C'mon now. Obama's Stimulus plan created pleanty of Green Jobs. Of course, a job sweeping sawdust qualifies as such. But hey...if all you little buggers would just get off yer millenial-asses the President wouldn't look so bad.
Posted by: DepotGuy   2012-07-07 13:10  

#4  Glenmore: Yes, it is unfair to paint a whole generation with the same brush. I've been watching our adult kids either working their tails off at jobs that don't require the degrees they have, or working and working and working to find jobs that aren't there. Eldest Son did well at his job, and they said they would increase his hours; but the workload turned out to be so slack they gave him less than six hours a week.

The "princes and princesses" do exist, but from what I have seen of our kids' classmates and other young people in our area, the snobs you refer to are a noisy, pompous minority.
Posted by: mom   2012-07-07 11:24  

#3  That's true of some, Glenmore, but perhaps not of all. And one needs burger-flipping jobs to apply to.

I've seen 40 & 50-yr-old college educated former white collar workers hsutling to bring sandwhiches to tables at delis in northern VA, which is not exactly a hotbed of unemployment compared to the nation as a whole.
Posted by: lotp   2012-07-07 11:18  

#2  Manual labor is servitude and sweating is so 70's.
Posted by: Besoeker   2012-07-07 08:44  

#1  A lot of these are privelaged princes and princesses who have been raised and educated to think they are entitled to 'good' jobs, like teaching victims study classes in universities or doing 'performance' art or being expert 'consultants' in some area they've never actually DONE the work. They will stay unemployed until they decide to flip burgers - where they will have a tough time competing. I suppose it's unfair to paint a whole generation with that brush, but it is too true to ignore.
Posted by: Glenmore   2012-07-07 07:28  

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