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ilnjscb · 06-15-2011, 07:57 AM

The Unemployment Crisis Among Young People
May 17, 2011

Meghan O?Halloran was one of those who had her career derailed by the timing of her graduation.
She left Cornell University with a degree in architecture and six summers of internships at top firms in New York, Milan and London.

?I thought getting a job would be a snap,? she said.

But after graduating in December 2008, just as job losses in the economy were reaching a high point, she was confronted with a very cold reception into the labor force.

She followed her boyfriend to China for a year, and found architecture work plentiful in the building boom there. But when she returned home at the end of 2009, not much had improved, and no one was hiring.

?I?ve applied for temporary work,? she said. ?The answer is always the same, ?We wish we could hire you.??
She?s decided to leave behind her hopes for a career as an architect and has started her own business making custom fabric, carpets and furniture. (Good luck with that!

)

More recent college graduates are moving back in with their parents after school as unemployment among young people is on the rise. The economic recession and slow recovery has made it difficult for young people to enter the work force, where job preference is given to those with more experience and skill under their belt. Many graduates are being forced to consider other alternatives to finding a job right away.

Low Employment Among Young People Corresponds With Increased Employment Among Seniors

According to the Wall Street Journal, the percentage of people under 25 who are employed has dropped to 45.1%, down seven percent since 2007. The unemployment rate among college graduates is only compounded by the fact that the oldest segment of the population is either remaining in the work force longer or trying to re-enter it. Due to the recent economic crisis, many older Americans simply cannot afford to retire yet, leading to an abnormally high employment rate among those over 55. Now both the oldest and youngest portions of the working populations are almost equally likely to be employed. (translation: screw these stupid brats, who cares if you know how to use facebook, let's get someone in here who knows how to work)

06-15-2011, 07:57 AM
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,902	hahahahaha The Unemployment Crisis Among Young People May 17, 2011 Meghan O?Halloran was one of those who had her career derailed by the timing of her graduation. She left Cornell University with a degree in architecture and six summers of internships at top firms in New York, Milan and London. ?I thought getting a job would be a snap,? she said. But after graduating in December 2008, just as job losses in the economy were reaching a high point, she was confronted with a very cold reception into the labor force. She followed her boyfriend to China for a year, and found architecture work plentiful in the building boom there. But when she returned home at the end of 2009, not much had improved, and no one was hiring. ?I?ve applied for temporary work,? she said. ?The answer is always the same, ?We wish we could hire you.?? She?s decided to leave behind her hopes for a career as an architect and has started her own business making custom fabric, carpets and furniture. (Good luck with that!) More recent college graduates are moving back in with their parents after school as unemployment among young people is on the rise. The economic recession and slow recovery has made it difficult for young people to enter the work force, where job preference is given to those with more experience and skill under their belt. Many graduates are being forced to consider other alternatives to finding a job right away. Low Employment Among Young People Corresponds With Increased Employment Among Seniors According to the Wall Street Journal, the percentage of people under 25 who are employed has dropped to 45.1%, down seven percent since 2007. The unemployment rate among college graduates is only compounded by the fact that the oldest segment of the population is either remaining in the work force longer or trying to re-enter it. Due to the recent economic crisis, many older Americans simply cannot afford to retire yet, leading to an abnormally high employment rate among those over 55. Now both the oldest and youngest portions of the working populations are almost equally likely to be employed. (translation: screw these stupid brats, who cares if you know how to use facebook, let's get someone in here who knows how to work)