Youth unemployment 11.5 percent, 22.1 percent for young blacks | WashingtonExaminer.com
The unemployment rate for 18-29 year old African-Americans for December 2012 is 22.1 percent (NSA); the unemployment rate for 18-29 year old Hispanics for December 2012 is 12.2 percent (NSA); and the unemployment rate for 18-29 year old women for December 2012 is 10.4 percent (NSA).
The declining labor force participation rate has created an additional 1.7 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 unemployment calculations, the actual Millennial unemployment rate would rise to 16.3 percent (NSA).
This is patently false. I think most folks on here are honest enough to admit that, no matter who is in that WH, if things are good there is no way to deny it. You either call things what they are or you go on living a lie.
7.8% still sucks. There are still well over 13 million people out of work, millions of which have stopped looking and applying for unemployment benefits; which gives the false notion of improving unemployment numbers. Consequently, of the people that have stopped applying for unemployment, have decided it’s more beneficial to apply for Social Security Disability, and if you look at those numbers they are up significantly.
If you want to believe 13 million out of work is good news then believe it. If you want to believe taxes going up on anyone is good news then believe it. If you want to believe over $3 per gallon of gas is good news then believe it. If you want to believe a gallon of milk costing near $3 per gallon is good news then believe it. If you want to believe that everyone seeing their healthcare costs skyrocket – despite promises from Obama to the contrary – is good news then believe it. No matter what you believe 7.8% - and hovering there – sucks! There is no good news in that.
And despite all of this, America has spoken; they want more of this Obama stuff. I don’t know who that’s good news for except those that believe that when everyone suffers we are all suffer together and what could be better news than that?