I know I’m supposed to be shocked by the 50% to 60% youth unemployment rates in Greece and Spain, but I’m not. We have the exact same rates of youth unemployement here in the good old US of A. Greece and Spain need to outsource their data reporting to the BLS and things will get miraculously better overnight. My guess is that Greece and Spain actually calculate how many 15 to 24 year olds have a job versus the total number of 15 to 24 year olds. How antiquated and unoriginal.
Our beloved BLS reports an unemployment rate of 17.6% for all 16 to 24 year olds in America. Isn’t that precious? There happen to be 38.9 million 16 to 24 year olds in the United States of America. There happen to be 17.2 million of them employed. For the math challenged out there, this means that 56% of all 16 to 24 year olds in our country are not employed. Sure sounds like it is at Greece and Spain levels to me. So how can the BLS report a 17.6% unemployment rate with a straight face? They just ASSUME that 18 million 16 to 24 year olds are not in the labor force by their own choosing. That’s a helluva an assumption. Checkout the numbers for yourself:
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2 comments:
Unemployment at 17.6%? I thought it was around 7.9 % plus or minus 16% imagination factor. Where the he!! did these numbers come from?
Is anybody telling the truth? NO!
Whose lie is it, anyway?
If we had a real media that reported the truth the nation would turn around from its socialist slide to hell but since that wont happen, I would get some fire insurance.
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