—The share of young adults 18-24 who are employed has dropped to 54.3 percent, the lowest level since the government began tracking such data in 1948. In the downturn, the employment decline has been steeper for this age group than any other; at the end of 2011, the unemployment rate was 16.3 percent for 18-to-24-year olds and 8.8 percent for adults ages 18-64. After the recession technically ended in mid-2009, the gap in the unemployment rate between those two age groups stretched to the widest on record.
In other words they aren't getting employed right out of college anymore. The job that usually goes to them instead goes to an older person with tons of experience that was displaced from some other job. This statistic was really nuts I think:
—About 19 percent of men ages 25-34 were idle in the weak job market, neither working nor attending school. That's up from 14 percent in 2007.
So that is 1 out of 5 men are not looking for work but not going to school either. I guess they are sitting on their couch playing Modern Warfare 3 or something. I really hope they come to their senses and vote for ABO (anyone but Obama) come this November.
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