New Record: 51% of Americans Age 16-24 Are Unemployed – Leading Indicator for Civil Unrest

August 29th, 2011

Thanks Max K & Global Macro Monitor for calling attention to this latest news from the Bureau of Labor Statistics:

“In July, the employment-population ratio for youth—the proportion of the 16- to 24-year old civilian noninstitutional population that was employed—was 48.8 percent, a record low for the series… (The month of July typically is the summertime peak in youth employment.)”

As we have seen in many countries throughout the world, this many young people without jobs eventually leads to civil unrest. Yet another leading indicator goes into the red.

via New Record: 51% of Americans Age 16-24 Are Unemployed – Leading Indicator for Civil Unrest | David DeGraw.

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