Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

This thread has been locked, it will not receive new replies.
Locked on 10/31/2013 9:05:34 AM PDT by Admin Moderator, reason:

Skip to comments.

US And European Teen Unemployment Remain Appallingly High (But US Has Far Lower Participation)
Confounded Interest ^ | 10/31/2013 | Anthony B. Sanders

Posted on 10/31/2013 8:54:25 AM PDT by whitedog57

According to OECD, teen unemployment rates (under 25) in Europe continue to escalate, particularly in Greece and Spain.


That is scary looking! It reminds me of The Who’s song “Teenage Wasteland.”

But, the US is no slouch when it comes to teen unemployment. The 16-19 cohort is seeing an unemployment rate of 22.60% while to 20-24 cohort is experiencing 12.80% unemployment. For the sake of comparison, I also included Germany teenage (under 25) unemployment which is 7.70%.


For the entire population, here is a chart of labor force participation in Germany, Spain, USA and Mexico.


Even beleaguered Spain has a higher and growing labor force participation than the US and Mexico.

High under 25 unemployment in the US is putting downward pressure on the real median household income.


Today, the Bloomberg consumer confidence index fell to -37.6. For all the cries of “It was the government shutdown!”, bear in mind that consumer confidence has not been above 0 since 2000. It’s a trend, not a 2 week event.


TOPICS: Business/Economy; Government; Politics
KEYWORDS: europe; labor; unemployment; youth
Now with the US and Mexico both competing for lowest labor force participation, WHY are we letting in millions more undocumented Democrats from Mexico?
1 posted on 10/31/2013 8:54:25 AM PDT by whitedog57
[ Post Reply | Private Reply | View Replies]

To: whitedog57

Why work if daddy and mommy will subsidize your device use, partying and scholastic efforts?

2 posted on 10/31/2013 8:57:22 AM PDT by JimRed (Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: whitedog57

Got yourself two accounts there, bud?

3 posted on 10/31/2013 8:59:58 AM PDT by humblegunner
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson