Saturday, October 3, 2009

Teen Unemployment Hits 25.9%, Congress Lends an Ear - Real Time Economics - WSJ


Teen Unemployment Hits 25.9%, Congress Lends an Ear - Real Time Economics - WSJ:

"The unemployment rate for 16 to 19-year-olds hit 25.9% in September, the highest rate recorded since at least 1948 (the earliest data the Labor Department supplies).
Lately, their plight hasn’t been falling on deaf ears. The House Education and Labor Committee held a hearing earlier this week to address low unemployment among young people.

“Indeed, because of the horrible economy, younger workers are now competing with more experienced workers for positions traditionally [in] the domain of the young and less experienced,” Rep. George Miller, a California Democrat and the committee chairman, said according to prepared remarks. “Until the economy as a whole turns around, younger workers will continue to be hit the hardest.”"