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Teen Unemployment: A Western Epidemic (Spain, Greece, France and USA)
Confounded Interest ^ | 04/09/2012 | Anthony B. Sanders

Posted on 04/09/2012 1:30:42 PM PDT by whitedog57

The recent jobs report from the BLS cast a dark shadow on economic recovery (although the usual cheerleaders are claiming it was a fluke). But the story in the US that was ignored for the most part was teen unemployment which stands at Euro Zone-like 25%.

In the Euro Zone, Spain has a horrible 52.8% unemployment rate for the under 25 male population. Greece is close behind at 43.40%.

Germany, on the other hand, stands at 8.80% unemployment for the under 25 group. But Germany’s neighbor France has a 21.60% under 25 male unemployment rate. Sacre bleu!

The US has better numbers for the 20-24 segment at 13.20% (like Luxembourg). But this is an appalling number.

Bear in mind that we are counting on younger households to enter the housing market and economy, but they are not delivering the goods (so to speak). When analysts call for a smokin’ housing recovery this morning, it must be tempered by the high unemployment rates of people under 25.

And in Europe, which is declining in terms of economic growth, it is going to be a long, hot summer.

Japan, on the other hand, has a much lower youth unemployment rate of 9.0%, but rising.

Joe Ely recorded a Butch Hancock song called “She Never Spoke Spanish to Me.” Unfortunately, Spanish unemployment is talking to the USA, particularly for our youth.

(Excerpt) Read more at confoundedinterest.wordpress.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: employment; recession; teens
Obama's bungled recovery. He used stimulus to keep teachers and union members employed and said "Sod off" to young adults and teens (who are ALSO Obama's base). I hope they remember the Socialist Sod-off message from Democrats.

From Zero Hedge.

1 posted on 04/09/2012 1:30:47 PM PDT by whitedog57
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To: whitedog57

One word

SOCIALISM

It is a destroyer.


2 posted on 04/09/2012 1:33:32 PM PDT by dforest
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To: whitedog57

All the usual “teen jobs” around here are filled by adult illegal immigrants.


3 posted on 04/09/2012 1:43:24 PM PDT by DBrow
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To: whitedog57
The teens around here have always found summer jobs at the state parks some starting as early as the Easter weekend and going through until Labor Day. This year, they have told the kids they didn't get their budget and are having trouble keeping their permanent employees. One would think there’d be more families taking less expensive vacations such as camping so there should be more visitors. However, the state isn't funding it's summer jobs. There are many listed online but when you talk to the rangers, they're saying the jobs really aren't there.
4 posted on 04/09/2012 1:44:59 PM PDT by bgill
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To: dforest

But they will try it out again and again and again....

It’s not the ‘blessings’ of socialism that they’re after — it is the control of the populace that is so attractive to politicians.

Be in charge of a bunch of numbnuts and you can enrich yourself.


5 posted on 04/09/2012 1:46:27 PM PDT by 353FMG
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To: dforest

But they will try it out again and again and again....

It’s not the ‘blessings’ of socialism that they’re after — it is the control of the populace that is so attractive to politicians.

Be in control of a bunch of numbnuts and you can enrich yourself.


6 posted on 04/09/2012 1:46:56 PM PDT by 353FMG
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To: whitedog57

When I was a kid all teens worked. In 1965 when I was 14 I worked at a swimming pool for the summer for $5 a week. The life guards were paid fifty cents an hour.

In the following years I pumped gas and fixed flats while two of my friends worked at a small grocery store and another friend worked at a small hardware store, all of us were paid fifty cents an hour.

When we turned 16 we all tried to get minimum wage jobs for $1.45 an hour. Some of us did, some didn’t. Benefits? What the hell are benefits?

Now, thanks to the government, it’s almost impossible to get a job until you turn 16. And the government is trying to make it illegal for kids to work on the farm if they’re not at least 16 and then must be paid minimum wage. And what has all this government intervention gotten us? Kids with nothing to do but get into trouble. Idle hands are the devil’s workshop.


7 posted on 04/09/2012 2:42:46 PM PDT by Terry Mross ("It happened. And we let it happen." - Peter Griffin, Family Guy)
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To: whitedog57

Ever-higher minimum wages, burdensome government taxes on workers comp, and Internet shopping have spurred incredible developments in technology that cut the floor out from underneath teen-age jobs. Throw in a dash of uncertainty about employer health-care requirements and who’d hire ‘em?


8 posted on 04/09/2012 3:28:06 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: whitedog57
yet try finding as teenager to rake your leaves, mow your lawn or shovel your sidewalk... it can't be done
9 posted on 04/09/2012 3:29:52 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: whitedog57

We are bringing in too many immigrants. If you can hire an intimidated adult who is at your beck and call - desparate for work - (illegals) it is easier than dealing with a teenager who is in school.


10 posted on 04/09/2012 4:48:12 PM PDT by SaraJohnson
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