The U.S. labor market is in a full blown depression

In the May labor market indicators so many disturbing elements that we hardly let us give them their due this long list of disappointments:

Proportion of long time out of work people are on the highest point since the great depression (42 percent).

* 54 percent of college graduates under the age of 25 years are either unemployed or underemployed.

* 45 million Americans are sitting on food stamps — about one in seven.

* 47 percent of Americans in varying degrees, get help from the state.

* Level of workers in relation to the population aged 25-54 is now 75.7 percent, lower than the figures in 2009, when the recession supposedly ended

* The number of people who do not belong to the labor force, since the end of a recession has increased to 8 million people, with their unemployment rate would be 12 percent.

* The ranks of unemployed who fruitlessly looking for work for at least 27 weeks in May rose, showing the sharpest jump since May 2011.

* The unemployment rate for men aged 16-19 years is 27 percent, and for men aged between 20 and 24 years — 13 percent. Conclusions on the situation with social stability do yourself.

* One in seven Americans are unemployed or working part-time.

Only one of the six representatives of the youth working full time, and three out of five live with their parents or other relatives.

* Only 16 percent of graduates of 2009-2011 found full-time work, and 22 percent of these graduates are working part-time employment. Even from hired between 2006 and 2008, only 23 percent are working at full employment.

* According to a survey given to the New York Times, only 14 percent of high school graduates believe that they will be more successful, and they will better financial future than their parents. Quote from one of the 18-year-olds excellent summary of the current situation, "Thank God that a friend of mine who works at Burger King, will be able to help me." Fast food is the fastest growing industry in the country, once driven technologies. Even now the technology sector fueled rather, companies focused on the issue of trendy consumer gadgets, rather than those that are aimed at improving the nation's capital, which is a component for productive growth and maintain our standard of living.

mixednews.ru

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