Horrible youth jobs numbers

Posted by: Phineas on September 7, 2012 at 3:56 pm

**Posted by Phineas

ST and I both earlier referred to the awful August jobs report released today. For a detailed (and dismal) analysis, James Pethokoukis  is a must-read.

But I want to highlight one particular aspect (via Gay Patriot) reported on by Jordan Weissman in The Atlantic: the employment prospects for teens and those just graduating college are just horrific:

After declining for most of the summer, the unemployment rate for workers between the ages of 16 and 19 popped up again, rising from 23.8 percent to 24.6 percent. Among 20-to-24 year olds, it hopped to 13.9 percent from 13.5 percent in July.

After noting that these number don’t reflect layoffs as much as lower-than-expected hiring at the end of summer, he comes up with a  disturbing theory:

There are other subtle and discouraging aspects of this report for the young. One of the only industries to add significant numbers of workers was food services, which accounted for 28,300 of the 95,000 total new jobs. Restaurant and fast food work is usually a bastion for teenage employment. If that sector is growing, and young people still can’t find employment, it may mean that older workers are now out-competing them for low wage jobs.

In other words, skilled workers laid off from higher-paying jobs are now taking the entry-level positions young people use to learn the basic skills of “how to have a job.” And, as time passes and the economy doesn’t pick up (which will be almost assured in an Obama second term), they’ll find themselves competing with teens and college graduates who come after them.

It’s like Paul Ryan said in his RNC nomination acceptance speech:

College graduates should not have to live out their 20s in their childhood bedrooms, staring up at fading Obama posters and wondering when they can move out and get going with life. 

In 2008, Barack Obama captured two-thirds of the youth vote, a huge amount.

Some reward they got, isn’t it?

(Crossposted at Public Secrets)

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13 Responses to “Horrible youth jobs numbers”

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  1. muckdog says:

    Yet, President Obama is getting a bump in the polls. I think this just shows that optimism and hope sells better than reality.

  2. Drew the Infidel says:

    It is apparent the Obammhud delusion is over and those seeking jobs know the worthlesness of his empty talk. Romney and Ryan know that from which they speak; each has held steady employment through their lifetimes.
    People still undecided about Romney need to pay closer attention. He is not one to go about blowing his own horn; we hear the good things from friends and associates. As it is written, “Let another praise you, and not your own mouth; a stranger and not your own lips.”–Proverbs 27:2

  3. BeeKay says:

    And remember young people, Obama loves the illegal aliens who take the jobs which keep you from getting the job.

    Oh wait, nobody ever tells you that :)

  4. Carlos says:

    “Some reward they got, isn’t it?”

    It would be easy to say, “Only as they deserve,” but unfortunately we got caught by that freight train, too, and the rest of us certainly didn’t deserve to be punished with a narcissistic socialist blob determined to destroy our country by copying European socialists and 19th century marxists.

  5. TexasMom2012 says:

    I wonder if the youths that voted for O realize that with a wave of his executive pen O added 800K illegals to compete for those same entry level jobs. All to pander for the Hispanic vote….

  6. omapian says:

    Anyone out there that wants the MSM to report the truth about failed government intervention, policies or programs should vote for Republicans. The media provides more critical information about the Republican who wants to hold office than the Democrat who actually holds office.

  7. Baklava says:

    I loved that line from Paul Ryan.

    And – I know a bunch of 20 somethings here in CA without employment for a few years on end.

    They are generally apathetic or liberal.

    Just as I was until I turned 21. I hope they don’t vote if they don’t understand. It would be good for the grownups to fix the mess.

  8. Carlos says:

    @Baklava: Then it would be good to finally send some grown-ups to D.C., yes?

    And, as far as that goes, to Sacto, to Salem, to Olympia, to Albany, to Boston…

  9. Neo says:

    The absence of any loud noise on the funemplyment numbers from the press says we are “on plan.”

    This continues the Obama “LightWorker” strategy (i.e. Obama will run on the only thing he has, his popularity).

    Notice that Obama’s speech on Thursday night didn’t tackle anything difficult (i.e. unemployment nada, entitlement reform nada). His polling indicated that a flat speech was his best plan of attack. He knows that all he has to do is offer the illusion of new programs (knowing he can blame Republicans when they don’t get passed) and stay away from the “heavy lifting” (that’s for the Republicans to make the first move). Then merely run on his popularity.

  10. Carlos says:

    Think back a few short years ago when employment numbers were, for all intents and purposes, excellent, and the Democraps, encourage by a complicit press (their propaganda arm in reality) bemoaned how bad everything was in this nation.

    Almost the same story now, except the press is extolling the virtues of the crappy economy and the administration is trying to convince everyone that there really is food in the pantry when in fact for 25 million Americans the cupboard is bare.

    No bias on the press’ part. Huh-uh!

  11. Sefton says:

    And, as time passes and the economy doesn’t pick up (which will be almost assured in an Obama second term), they’ll find themselves competing with teens and college graduates who come after them.

    Couple this with the fact that in an Obama second term we’re going to see corporations shift their business infrastructure increasingly to overseas areas in order to escape sure to come higher tax rates and excessive regulatory burdens and the implosion of our economy will be complete. We will effectively become the next Greece.
    All while Obama, his wife and fellow cronies party it up on taxpayer expense, celebrating the Cloward and Piven collapse they’ve been wanting all along.