Daily Doom: U.S. Job Seekers Exceed Openings by Record Ratio, Unemployement Rate for Young People at 52.2%

Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000. According to the Labor Department’s latest numbers, from July, only 2.4 million full-time permanent jobs were open, with 14.5 million people officially unemployed.

New York Times: U.S. Job Seekers Exceed Openings by Record Ratio

The number of young Americans without a job has exploded to 52.2 percent — a post-World War II high, according to the Labor Dept. — meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time.

New York Post: The dead end kids

(both via Cryptogon)

1 Comment

  1. HRM.

    A semi-hopeless generational majorty of youth whose prospect for The Good Life has been cut short by the relentless greed of the financial industry who, themselves, have already reaped the often ENORMOUS benefits of their own failure in capital which they now are not pumping back into opportunites for those whose future they have stolen away.

    I smell potential.

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