7/29/2010

How’s That Hope And Unemployment Working Out, Millennials? » Pirate's Cove

Hey, just remember, the policies of the Messiah most of you voted for are keeping unemployment high for the long term

They are perhaps the best-educated generation ever, but they can’t find jobs. Many face staggering college loans and have moved back in with their parents. Even worse, their difficulty in getting careers launched could set them back financially for years.

The Millennials, broadly defined as those born in the 1980s and ’90s, are the first generation of American workers since World War II who have cloudier prospects than the generations that preceded them.

Certainly the recession has hurt young workers badly. While the overall unemployment rate was 9.5 percent in June, it was 15.3 percent for those aged 20 to 24, compared with 7.8 percent for ages 35-44, 7.5 percent for ages 45-54 and 6.9 percent for those 55 and older.

Feeling hopey/changey yet? And all this long term unemployment, along with having to take jobs they are “overqualified” for, will apparently scare them mentally for life. But, hey, Obama’s Generational Theft Act can put you to work paving roads and painting bridges!

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