September 10, 2012
HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): An Awful Jobs Report For Young People.
In short, there are a lot more young adults still sitting at their computers, scrounging around jobs boards for work than there should be at this point in the year.
There are other subtle and discouraging aspects of this report for the young. One of the only industries to add significant numbers of workers was food services, which accounted for 28,300 of the 95,000 total new jobs. Restaurant and fast food work is usually a bastion for teenage employment. If that sector is growing, and young people still can’t find employment, it may mean that older workers are now out-competing them for low wage jobs.
Well, because of the Obama Senior Squeeze, a lot of gray-collar workers who might otherwise be retired are having to stay in the workplace.