Message Font: Serif | Sans-Serif
 
No. of Recommendations: 21
If a third of the young are underemployed or unemployed, how does Mr. K get to 'a substantial improvement'?

Because the factor you are pointing to is only one of many that go into the full picture.

UNDERemployment, quite obviously improved from last year:
http://www.bloomberg.com/quote/USUDMAER:IND

Unemployment rate, almost a full point down:
http://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_&...

Median duration of unemployment, up in the last few months, but substantially down from a year ago
http://research.stlouisfed.org/fredgraph.png?g=bBH

Participation rate up among 16-19 year olds
http://www.bls.gov/news.release/empsit.t01.htm

I'm not partying, and I don't think things are great, but it's pretty clear that things are better now than they were 1 year ago, and a ton better than they were three years ago.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement