And yet the youth vote nationwide helped propel the man whose economic policies have extended such trying times to another four years in office.
Via the Associated Press:
Sixteen percent of teens and young adults in New York are neither in school nor the workforce, part of a national problem that could lead to “dire consequences” for the younger generation’s financial stability, according to a new report.
The latest Kids Count report released Monday by the Annie E. Casey Foundation said high school dropouts are having a harder time landing traditional entry-level jobs in retail and fast-food restaurants due to competition from older candidates with more experience. Front-line service providers add that the recent recession has added to the problem.
“You’re competing with people that are in the workforce now that have diplomas,” said Jeff Nixon, youth services manager for the Buffalo Employment and Training Center. “You’ve got people with college degrees that are competing for some of these lower-wage jobs. And obviously for an employer, if they have a choice between somebody with a college degree and a kid that’s a dropout, that’s a no-brainer.”
Nationally, there are 6.5 million youth 16 to 24 years old who are neither in the workforce nor in school — about 17 percent of that age group, according to the report. New York accounts for 406,000 of those young people, according to the foundation.
Can somebody please explain to me what reason there is for celebrating another uptick in unemployment – to 7.9% – in America?
This tweet just came across from Scott MacFarlane:
And here is the picture:
“Today’s increase in the unemployment rate is a sad reminder that the economy is at a virtual standstill. The jobless rate is higher than it was when President Obama took office, and there are still 23 million Americans struggling for work. On Tuesday, America will make a choice between stagnation and prosperity. For four years, President Obama’s policies have crushed America’s middle class. For four years, President Obama has told us that things are getting better and that we’re making progress. For too many American families, those words ring hollow. We can do better. We can have real economic growth, create millions of good-paying jobs, and give middle-class families the security and opportunity they deserve. When I’m president, I’m going to make real changes that lead to a real recovery, so that the next four years are better than the last.”
Romney and most Americans see it as yet another sad day in a four-year struggle with the economy and unemployment.
Not the Obama administration.
Generation Opportunity, the largest non-profit, non-partisan organization in the United States engaging and mobilizing young Americans on the important economic issues facing the nation, announced non-seasonally adjusted (NSA) 18-29 youth unemployment rate data for October 2012 as the Presidential election nears:
- The youth unemployment rate for 18-29 year olds specifically for October 2012 is 12.0 percent (NSA).
- The youth unemployment rate for 18-29 year old African-Americans for October 2012 is 21.4 percent (NSA); the youth unemployment rate for 18-29 year old Hispanics for October 2012 is 13.4 percent (NSA); and the youth unemployment rate for 18–29 year old Women for October 2012 is 11.8 percent (NSA).
- The declining labor force participation rate has created an additiona1.7 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
- If the labor force participation rate were factored into the 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.5 percent (NSA).
Don’t worry though, things can turn around after Election Day.
In a press release to CNN, Romney reiterated his five-point plan to create a real recovery in America:
Together with Paul Ryan, I’ve put forward an economic recovery plan consisting of five central elements that will in four years create 12 million jobs.
We will produce more of the energy we need to heat our homes, fill our cars, and make our economy grow. We will stop President Obama’s war on coal, his disdain for oil, and his effort to crimp natural gas by federal regulation of the very technology that produces it. We will support nuclear and renewables, but phase out subsidies once an industry is on its feet. We will invest in energy science and research to make discoveries that can actually change our energy world. By 2020, we will achieve North American energy independence.
We will retrain our work force for the jobs of tomorrow and ensure that every child receives a quality education no matter where they live, including especially our inner cities. Parents and students, not administrators and unions, need to have greater choice. Our current worker retraining system is a labyrinth of federal programs that sprawls across 47 programs and nine agencies. We will eliminate this redundancy and empower the 50 states and the private sector to develop effective programs of their own.
We will make trade work for America. We’ll open more markets to American agriculture, products, and services. And we will finally hold accountable any nation that doesn’t play by the rules. I will stand up for the rights and interests of American workers and employers.
We will restore fiscal sanity to Washington by bringing an end to the federal spending and borrowing binge that in just four years has added more debt held by the public than almost all previous administrations combined. We will put America on track to a balanced budget by eliminating unnecessary programs, by sending programs back to states where they can be managed with less abuse and less cost, and by shrinking the bureaucracy of Washington.
Finally, we will champion small business, the great engine of job creation in our country, by reforming the tax code and updating and reshaping regulations that have suffocated economic growth.
What do you want America? A President who celebrates mediocrity in America, or a President who will bring back exceptionalism to this great nation?
Seems like only yesterday when the media was reporting on how cool President Obama was in the eyes of our youth – so much so that his popularity had influenced high school students, and changed the way young people talk to one another.
Proof of this came via a Times Union report which featured two lone high school students who had created such phrases as:
What up, my Obama?
The appalling response to someone sneezing – Barack you.
And, Barack’s in the White House now – which means cool it.
One has to wonder if these same high school students, or current students, still view the President in the same light. Because, as the phrase states, Barack is indeed in the White House now, and as a result, the youth unemployment rate has soared to 16.8%.
The Class of 2012 may have few reasons to celebrate this year. Along with the long-term unemployed, experts say their prospects are the bleakest among all job-seekers.
The U.S. economy added a lower-than-expected 80,000 jobs last month, according to data Friday from the Labor Department. Though the overall unemployment rate remained unchanged at 8.2%, experts say this year’s 1.8 million college graduates have a rough job search ahead. “Over the last five years, the jobs situation has gotten increasingly intense for each successive graduating class,” says Paul T. Conway, president of Generation Opportunity, a non-profit think-tank based in Arlington, Va. “Their concern is now palpable.”
The last half-decade has not been good to graduates. Only a half of those who graduated since 2006 are now employed full time, according to a recent Rutgers University survey. More college graduates are settling for jobs that in years past would have gone to those without degrees, while people in their 30s are now occupying jobs once taken by recent graduates, says Carl Van Horn, professor of public policy and director of Rutgers’ John J. Heldrich Center for Workforce Development.
But if all the young people who’ve already given up looking for jobs are included — the 1.7 million people aged 18-29 who’ve been out of work for more than a year — the latest 8.2% unemployment figure would be closer to 16.8% for that age group, Conway says. That’s the highest unemployment rate for that age group since World War II. “Their story is one of few opportunities, delayed dreams, and stalled careers,” he says.
Prayers for our children are necessary if this man gets another four years. In other words, Barack you…