The Young and the Wealthless

Read over the weekend that the official unemployment rate was unchanged at 7.3% even though 7,700 jobs were created because you really need 15,000 jobs to keep up with population growth. The REAL unemployment rate would be closer to 11% if you add in the people off benefits, layoff, loosely looking for work. When the Conservatives first came to power in 2006, the official rate was 6.4%

Youth unemployment is almost double the nation rate at 13.3% With the University/College students facing competition from High Schoolers later this month we could see something closer to 20% given the slowing economy!

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