Bad statistics for summer employment for youth | McClatchy
Friday, August 27th, 2010The share of young people aged 16 to 24 who were employed this summer fell to 48.9 percent — the lowest rate on record since 1948.
Support Santiago Leon News Site; Visit Our Advertisers
The share of young people aged 16 to 24 who were employed this summer fell to 48.9 percent — the lowest rate on record since 1948.
The U.S. birth rate has dropped for the second year in a row, and experts think the recession is a big reason. They believe the sluggish economy has led many people to put off having children.
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
Even as he touts his efforts to put more Americans to work, President Barack Obama faces a public increasingly skeptical of his ability to bring jobs back to Main Street.
Wal-Mart Stores Inc. is cutting prices on thousands of products in an aggressive campaign to reinforce its reputation as a discount leader, as the company seeks to reverse months of slowing U.S. sales.