BY: Adam Gavriel
As the unemployment rate in the United States remains stagnant hovering around 8%, the demographic being hit the worst by this economy are young workers from 15-24. A report released on July 10thfrom CNN Money revealed that in the United States 14.8% of youths were neither employed nor in school or training programs. That number was even higher at 18.6% among OECD countries including Mexico, Japan, and much of Europe.
The same article predicts that among those countries (which include the United States) the unemployment rate will not dip below 7.7% by the end of the calendar year of 2013. This is somewhat of a discouraging reveal considering that the unemployment rate is currently 7.9% As the economy continues to stagnate and falter, there appears to be no greener pastures in sight according to sources. Continue reading