Sunday, March 28, 2010

Unemployment Rate in Teens at "Crisis:" Expert

What do you think these teens will up doing? You can bet nothing good:

More than 1 million young adults have become so frustrated in their search for a job, that they’ve given up and left the labor force, according to published reports.

According to the Economic Policy Institute, 1.3 million workers ages 16 to 24 left the labor force since the recession hit in December 2007.

That's about 6 percent of them, and it's nearly 3 1/2 times the exodus rate of workers ages 25 to 54, the Sacramento Bee reported.

The unemployment rate for young adults is at a crisis rate according to Dean Baker, a co-director of the Center for Economic and Policy Research, a nonpartisan economic and social research center in Washington, D.C.
...full article

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