Sep 22

Young adults hammered hard by The Obama Depression

Things are not looking good for the next generation entering the workforce unemployment lines. It is horribly bleak as reported by the AP:

In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others – nearly 1 in 5.

New 2010 census data released Thursday show the wrenching impact of a recession that officially ended in mid-2009. It highlights the missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged slump with high unemployment.

“We have a monster jobs problem, and young people are the biggest losers,” said Andrew Sum, an economist and director of the Center for Labor Market Studies at Northeastern University. He noted that for recent college grads now getting by with waitressing, bartending and odd jobs, they will have to compete with new graduates for entry-level career positions when the job market eventually does improve.

“Their really high levels of underemployment and unemployment will haunt young people for at least another decade,” Sum said.

Okay, let’s be realistic. We’ve been doing things the Obama-Democrat way for three years now and it’s not working, it’s just making matters worse. Ya think maybe we should try something else? Or do you want to keep ramming your head in to a brick wall while you expect a different result?