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| Dave Simonds (Google Images) |
Are things getting better? Obama and the Democrats think so. So, once again I look towards the Labor Department stats that are released monthly as well as the numbers provided by Generation Opportunity. Despite the fact that payroll employment was up by 155,000 jobs the current unemployment rate remained unchanged. There are still 4.8 million people who have been unemployed for 27 weeks or more, and the numbers for African Americans*, Hispanics* and the Young are still over 9%. The Millennial Jobs Report for December 2012 (Generation Opportunity)has the unemployment rate for 18-29 year olds still at 11.5%, while overall unemployment rate sits at 7.8%. Generation Opportunity also pointed out that this is the 49th consecutive month with national unemployment above 7%. If you factor in the all of the 18-29 year olds who have given up looking for work, the rate is 16.3%.
So once again the young are forced by this lousy economy to scrape by. When will the Government learn that you can't fudge these numbers. These young workers are voters, and they deserve to be treated like educated adults. How long can they possibly stand having to live at home with their Mom and Dads, or get further into debt, all so they can believe the lies.
(*1 African American Unemployment Rate 14%)
(*2 Hispanic Unemployment Rate 9.6%)
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