Thursday, September 9, 2010

Obama is losing a generation of voters

The worst summer on record for young people who wanted a job staggered to an end this Labor Day weekend.

Only 47.6% of people ages 16 to 24 had jobs in August, the lowest level since the government began keeping track in 1948, according to the Labor Department. By comparison, 62.8% of that age group was employed in August 2000.

The ongoing recession hit young people especially hard this summer, sending many back to school with fewer dollars to spend.

The unemployment rate averaged a record 18.3% during June, July and August for those younger than 25.

That's more than twice the jobless rate for people 25 and older. Overall, the jobless rate edged up to 9.6% in August. It was 9.5% in July.

This could have been another "30's depression generation", converts to the Democratic Party for the next 50 years. Instead, after overwhelmingly winning the youth vote in 2008, Obama has overwhelmingly disappointed them.

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