New Record: 51% of Americans Age 16-24 Are Unemployed – Leading Indicator for Civil Unrest

[dixiegrrrrl]

Thanks Max K & Global Macro Monitor for calling attention to this latest news from the Bureau of Labor Statistics:

“In July, the employment-population ratio for youth—the proportion of the 16- to 24-year old civilian noninstitutional population that was employed—was 48.8 percent, a record low for the series… (The month of July typically is the summertime peak in youth employment.)”

As we have seen in many countries throughout the world, this many young people without jobs eventually leads to civil unrest. Yet another leading indicator goes into the red.

Link here, but this is entirety of story.
http://daviddegraw.org/2011/08/new-record-51-of-americans-age-16-24-are-unemployed-leading-indicator-for-civil-unrest/

[TwilightGardener]

1. In previous generations, it might have led to unrest.

Now it leads to more Facebook and XBox time.

[HockeyMom]

4. Not in the inner cities it won't

It is just the beginning.

[RKP5637]

11. That's what I think too. They keep getting pushed under and under the rug and

eventually it's going to burst. There is no way for them to bridge the gap to opportunities in this country.

Many are disadvantaged from day one. Now, pile onto that this ridiculous wealth gap in this country and it's a horrific situation.

Much like the wars, it's out of sight, out of mind for many Americans. We have so many problems brewing in this country it's difficult to even list them anymore.

[Bluebear]

25. It's ok!! Soon we will have new free trade agreements all all will be employed!

[RKP5637]

27. Yep, that one I'll not hold my breath for either. n/t

[Blecht]

45. Don't forget the additional tax cuts!

That will fix everything!

[amborin]

47. 20% "official" unemployment for African Americans in CA; 37% for African American young adults

http://www4.pictures.zimbio.com/gi/Job+Fair+Sponsored+Congressional+Black+Caucus+IkjmgdVOn7Nl.jpg

http://www2.pictures.zimbio.com/gi/Job+Fair+Sponsored+Congressional+Black+Caucus+sZG3_w2mbTll.jpg





here, applying for jobs at Vons supermarket....

[Shagbark Hickory]

40. The unrest comes after the power to the xbox is cut off for nonpayment.

[Name removed]

2. Deleted message

Sub-thread removed by moderator. Click here to review the message board rules.

[Rex]

3. Dam that is a lot!

[provis99]

5. they are obviously counting students as unemployed.

So the conclusions are not credible.

Notice how they count labor force participation in the following link:
http://bls.gov/news.release/youth.nr0.htm
when you count those who are actually considered members of the labor force, and those who are unemployed, the unemployment rate is only 59.5%-48.8%=10.7%.

[banned from Kos]

9. Agree - don't trust anything "Max K" says and the real hardship is on the

50-65 population anyway.

[ellisonz]

41. hahahhahahaha....

:rofl:

[TheKentuckian]

23. I needed work between 16-24 and was a student almost the whole time

[provis99]

28. ok...that's nice...

:wtf:

[w8liftinglady]

6. Now they and heir kids are living with mom and/or dad

You are talking about my middle son, of course. He is woking part-time for Dairy Queen. No way he could support himself. No way he could get full-time with benefits. The new reality- thank President Obama I could add him to my insurance!

[in_cog_ni_to]

7. HOLY SHIT! I remember being that age and I could walk into

pretty much any business and get a job and DID (back in the 70's). This is BAD. Really bad. :(

[w8liftinglady]

8. yeah.. when I went to work for The Texas Animal Health Commission

The jobs just aren't there anymore

[TBF]

13. I did the same thing in the 90s -

I had an undergrad degree and worked as a paralegal. I got offers before I left the interview ... 20 years later and a world of difference.

[RKP5637]

15. Yep, I remember much the same. Also, after I finished school and was out

working there were always headhunters calling one with jobs at other companies. I also remember back then getting sometimes 10% to 15% raises.

If you didn't have a job back in the 70's generally you had really F'ed up somehow and getting fired was really unheard of for the most part.

Once you had a job to lose it you had to really show up drunk for work, tell the boss to F off, or really be incompetent.

[SammyWinstonJack]

43. And make a whopping buck sixty five an hour.

:woohoo: That's what my first job out of high school paid. No overtime pay either and I was forced to work overtime or else. It sucked!

[cbayer]

10. Here is the Bureau of Labor Statistics report on this with great graphs and analysis.

Appears to be part of a trend and also indicates that many more in this age group are in school in the summer. Interesting stuff.

http://bls.gov/spotlight/2011/schools_out/

[FirstLight]

12. Ya, and the rest of us in poverty ain;t too happy either

I tell ya, after the job HUD did on me today, I feel like breaking shit too... :mad:

[Dokkie]

14. what happened?

Did Irene close down Army recruitment centers?

[Denninmi]

16. Welcome to the United States of Haiti.

Where we are headed, and its we're in the home stretch of the trip now.

[Major Hogwash]

17. Skateboarders!!! Now you know where they come from!!!

Them darned kids!!

[greymattermom]

18. unpaid internships

for several years after college have become the norm too

[Historic NY]

19. And all the retired are unemployed woried about SS & Medicare cuts...

[yurbud]

20. I hope it leads to unrest, otherwise, the rest of this century will be about rolling back the last

five centuries.

Or more.

[dixiegrrrrl]

30. Point taken.

[Remember Me]

32. Uh, careful what you wish for -- I'm thinking that's what they want

So far, what's been happening is pretty much according to the pattern Naomi Klein so brilliantly identified and documented in her Shock Doctrine book. If anyone hasn't read it, it's must reading.

Anyway, civil unrest and rather horrific, outrageous violence against protesters and the rest of the population is pretty much always part of the formula.

Now, is it possible for our overlords to get what they want without civil unrest? I dunno -- I think they have a sadistic interest in the violence part, and it's such an integral, iconic part of fascism in any case. Is it possible for us to do it in such a way that we win?? Ultimately, I think we win, but might not be without going through such a phase.

[yurbud]

44. if it goes violent, we lose. If not, we win. The nonviolent route is leaking, slow-walking, monkey

wrenching, non-cooperation, and so on until so many people are doing it, the system no longer works.

[Starry Messenger]

21. recommend.

[girl gone mad]

22. A lot of these kids will never recover.

This early inability to find work can lead to a lifetime of fewer opportunities and lower earnings potential.

[FLAprogressive]

24. Does this count those unemployed by choice? Honestly, I think it would be great if kids

who come from wealthier backgrounds stayed out of the workforce. If they're still in high school, and their parents can still support them.....stay out of the workforce so someone who needs to help support their family can get a job.

If it doesn't though --- this number is STAGGERING.

[hunter]

33. No car means no work for most young people.

Kids who have parents who can support kids' cars are more likely to find work.

The young people who need the work the most don't find it.

[FLAprogressive]

37. this is why we need solid public transportation.

[treestar]

26. That'll make some people very happy

The ones who claim they can't wait for civil unrest.

[eallen]

29. In any sane political environment, this would be the top issue of the day.

:hippie:

[NeedleCast]

31. So 20% of that demographic is high school students and a good number college students

How many of them are actually seeking employment?

Numbers are obviously intentionally inflated.

[Liberal_in_LA]

34. k&r

[blindpig]

35. k&r

[rhett o rick]

36. The Revolution is Waiting. nm

[mahina]

38. I wonder what actually would move the inertia.

A nationwide TV blackout would have us in the streets in days.

[Zynx]

39. That's not quite right. The employment to population ratio has never been north of the high 60% rang

I don't think that anyone would argue that we are persistently at 30-40% unemployment. Granted, youth unemployment is horrendous, but it isn't 50%. To say so is a misinterpretation of the data.

I will preemptively counter those who want me to go through a prolonged explanation of my claim by saying that the lofty claim was not me. Further, I am not exactly trying to diminish the grave situation, but rather make sure that the data are correctly presented. It's similar to a situation where a serial killer has killed 14 people, but someone comes along and says they've killed 14,000. As bad as 14 is, 14,000 is a different story.

[Shagbark Hickory]

42. OMG! New record! 100% of retirees are unemployed!

[Odin2005]

46. The dipshits in DC ignore us 20-somethings at their peril.

[Cherchez la Femme]

48. I wonder, I just wonder

who, or what, the new/younger voters are going to vote for?

A) the candidate with the big promises of Hope and positively assured just a couple-three years ago
which came to no positive end?

Promises dreamed up by the POTUS & his good buddy Arne (playing Gilligan to Obama's Skipper) which came to no fruition whatsoever;
except for, which were at best, some half-assed Charter Schools wheelie-dealies (many For Profit, replete with Religion of just one type --YOU know what kind-- paid for by our very own Gubmint! Yay!) but the others at the worst, and most voluminous end: just plain out deceit, lies, outright propaganda and most importantly cuts to schools via the lower & middle income's paid taxes and precious little-to-none of the upper classes and CEO's, etc. taxes

WAY fair, don'tcha think?

With lotsa the main ingredient: heapin' helpings of 'Praise da Lawd and pass the taxpayers collection plate!' into the "Charter Schools" coffers mixed well in!


This brilliant scheme started with union busting then tossing our exceptional, professional, long trained via their personal desires & career goals, much expensive education and after, continued symposiums but more importantly by actually doing the job, by being in the classroom day in, day out

--these educators which were chucked out on their ears (or arses) in order to install some newly graduated general baccalaureate degree holders (of who knows what GPA) who may or may not have had teaching as their career goal;
then to give these suckers ('suckers' because I doubt they realize the same thing will happen to them, by and by -- it's the same thing which happens to scabs; which they are) 3-5 weeks "training" so they could learn ALL THEY NEEDED TO KNOW to be equally competitive against those now ex-employees who were --still ARE-- REAL, DEDICATED teachers,
once employed teachers!
I wonder whether these newbies have, will find, be able to capably learn or even be able to BUY this innate talent to inspire their students
just as many of the previous dedicated teachers did!

It's like they're all looked upon, both experienced and the newbies, as automatons --machines-- their parts interchangeable and able to do the same job, no prob with the same, or better, end effects.


Real good thinking there, you bloody fugging geniuses!


--or--


B) the unknown, but different candidate. S/he's most probably negative; but really now, how much worse could 48.8% unemployment,

in summer,

be?


For teens/young adults in Junior or Senior High School or even College (Especially with the slashing of Pell Grants &/or Student Loans or changes in their terms (in which for a start the strictures are worsened and the bill owed is NEVER to be 'taken off the books', no excuse short of death will release them from those loans

--so college kids you best not become ill, ever; and IF you died it's very possible your student loans must be repaid somehow whether through your estate or through the recipient(s) of said estate!
But Banks, Wall Street, Hedge Fund, etc. borrowers -- not to worry, that will never happen to YOU!)


How much worse, to these voters, can this unknown candidate possibly BE?