The New York Post reports:
The teenage unemployment rate at the BLS is much lower. For White teenagers it is 24.1 percent and for blacks it is 34.7, for an overall teenage rate of 25.5 percent.
The unemployment rate for young Americans has exploded to 52.2 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.
And worse, without a clear economic recovery plan aimed at creating entry-level jobs, the odds of many of these young adults -- aged 16 to 24, excluding students -- getting a job and moving out of their parents' houses are long. Young workers have been among the hardest hit during the current recession -- in which a total of 9.5 million jobs have been lost. . . .
The teenage unemployment rate at the BLS is much lower. For White teenagers it is 24.1 percent and for blacks it is 34.7, for an overall teenage rate of 25.5 percent.
This unemployment number seems much too high to me
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Oleh
abudzar
