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Obama Economy "A Disaster …For Younger Americans As A Group," Yet Obama Still Offering Same Failed Proposals | Missouri Political News Service

Obama Economy “A Disaster …For Younger Americans As A Group,” Yet Obama Still Offering Same Failed Proposals

May 9th, 2012 by mopns · No Comments

Gallup finds today, “Thirty-two percent of 18- to 29-year-olds in the U.S. workforce were underemployed in April, as measured by Gallup without seasonal adjustment. . . . Underemployment among 18- to 29-year-olds has hovered around 30% for most of the past year, showing no real improvement. . . . Young adults were more than twice as likely as those in older age groups to be underemployed in April. . . . Young adults continue to be much more likely than average to be unemployed . . . .”

Examining these results, Gallup writes, “Wall Street has generally viewed the government’s unemployment report for April as a negative for the U.S. economy. Gallup’s unemployment measures show that April has also brought gloomy job news for young Americans and underscores that this group has been struggling disproportionately for some time. Those aged 18 to 29 are more than twice as likely as those in any other age group to be underemployed. . . . Today’s slow economic growth is a disaster for those unemployed and underemployed as they look for jobs when so few new jobs are being created. For younger Americans as a group, this is a particularly acute issue. Nearly one in three young adults in the workforce are not now able to gain full-time job experience. This not only hurts them temporarily, but deprives them of the experience they need to get a better job in the future. It also deprives U.S. companies of the skilled and experienced workers they will need for their businesses to prosper in the years ahead.

This news comes on top of recent reports that only half of graduates between 2009 and 2011 had found a full-time job within a year of leaving school, that last year over half of college graduates under 25 were unemployed or underemployed, and that “[n]early 25 million adults live at home with their parents because they’re unemployed or underemployed,” leaving The Atlantic to conclude, “It is, very simply, a tough time to be young.”

But instead of any real solutions, President Obama offers only campaign rhetoric designed at creating attacks on Republicans or excuses for why his policies have failed.  When the Stimulus failed, it wasn’t the government’s fault. It was the Republicans. When the health care bill caused health care costs to rise, same thing. When trillions are spent and the jobs don’t come, it’s ATM machines, it’s the weather, it’s bankers, it’s the rich, it’s Fox News. It’s anything other than the government.


Rasmussen Reports: 48% Think It’s Possible For Anyone Seeking Work To Find A Job



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