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FSN: This Is No Time to Quit a Job – US Youth Unemployment Hits 16.2%
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Martin Armstrong
Armstrong Economics
Unemployment among the youth in the USA has hit 16.2%, more than double the April national rate of 7.5% for adults over 35. We are in the last throes of the dying idea of Socialism and this is never more illustrated than by the age divide when it comes to employment. Young kids in the USA are saddled with huge debt for school loans that have done them little good. Those who are employment, are doing waitress/waiter type jobs that they did while going to school. This still pales in comparison to youth unemployment rates in Southern Europe and elsewhere in developing nations. Cheep up, the youth unemployment rate in the USA will soar to 25% between 2016-2020 if not rising closer to 30%.
Continue Reading at ArmstrongEconomics.com…
Source: http://silveristhenew.com/2013/06/05/this-is-no-time-to-quit-a-job-us-youth-unemployment-hits-16-2-2/
