9.07.2009

A Different Trickle Down Effect

I found this post on the present spike in teen unemployment interesting:

The overall unemployment rate (the percentage of people in the labor force not working but looking for work) in August rose to 9.7 percent, its highest level in 26 years. The teenage unemployment rate, however, is at 25.5 percent, its highest level since the Bureau of Labor Statistics began keeping track of such data in 1948.

That's harsh.  I'm trying to imagine how life would have played out if I hadn't had my handful of high school jobs, summer jobs, and college jobs.  

As with several other statistics that have emerged in this economic crisis, this "jobless recovery," even if the overall crisis doesn't represent the worst economic crisis by many metrics, several of the ancillary statistics it has generated are clearly in the "worst ever" category.