Age group 25-35 was very hard hit in Friday’s job report. Overall unemployment rose 0.2 percentage points. For age group 25-34 unemployment jumped by 0.4 PP.
June to July Rise in Unemployment in Percentage Points (PP)
- 16-19: +0.3 PP from 12.1% to 12.4%
- 20-24: +0.2 PP from 7.5% to 7.7%
- 25-34: +0.4 PP from 4.4% to 4.8%
- 35-44: -0.1 PP from 3.3% to 3.2%
- 45-54: +0.2 PP from 2.7% to 2.9%
- 55+: +0.3 PP from 2.8% to 3.1%
- All: +0.2PP from 4.1% to 4.3%
The unemployment rate generally bottomed in April of 2023. So let’s investigate changes since then.
Change in Unemployment by Age Group
Change in the Unemployment Rate Since April 2023
- 16-19: +3.1 PP from 9.3% to 12.4%
- 20-24: +2.3 PP from 5.4% to 7.7%
- 25-34: +1.0 PP from 3.8% to 4.8%
- 35-44: +0.3 PP from 2.9% to 3.2%
- 45-54: +0.5 PP from 2.4% to 2.9%
- 55+: +0.7 PP from 2.4% to 3.1%
- All: +0.9 PP from 3.4% to 4.3%
- Black: +1.5 PP from 4.8% to 6.3%
- White: +0.7 PP from 3.1% to 3.8%
- Hispanic: +0.9 PP from 4.4% to 5.3%
Gee, Democrats in California – who knew that if you mandated a minimum wage, that fast food joints would lay off workers? Next time, don’t believe the lying out of our one-party State. BTW, the minimum wage for these kids is now…ZERO.
And everyone’s taxes go up to cover the additional cost of UI.
Maybe this will make them less inclined to dodge the upcoming military draft.
That’s a joke. They don’t want to work. They certainly won’t want a strict routine.
as if the last dozen’s wars haven’t been immoral. if you don’t mind murdering people who are equivalent to americans in 1776 resisting the global hegemony, the military can indeed be useful. but anyone of virtue would have to agree to be apart of an industrial behemonth reponsible for millions and millions of dead woman and children in wars of aggression since the end of WW2.
war has always been a racket sold to the people under many guises, currently “patriotism” is the propaganda of choice. With the machine denigrating males in general and white males especially, most likely the next wave of propaganda for war support will be “Masuclinity” with a white male warrior vibe.
in any case the bankers and weapon makers will win, and the populations of the world will pay for it and be the losers no matter the outcome.
Before we predict how people will vote, consider the media sources that drive their opinions. Then, consider the voters’ inherent level of critical thinking. You might try searching ‘declining level of critical thinking.’ Frankly, I find Idiocracy depressing, yet that’s where we’re headed.
Society has more information than ever at its fingertips, so it isn’t the shortage of data. The real problem is our ability to understand information and draw rational conclusions. Most people rely on ‘talking heads’ to interpret and tell them what to think.
And now we have AI to sift through this vast trove of knowledge. Computers will tell us how, and what to think.
it doesn’t have “true” information, it has biased information, with a dearth of comparititve points to filter the truth from the sea of propaganda. This is deliberate its part of the “Disinformation” movement, which is and always will be censorship under a new name.
Its difficult to convince the intelligent they have been fooled, its impossible to convince the stupid.
Most ride the tide, simply trying to get by, and don’t know, don’t care. They will always be the ballast waiting to be moved to sway the political boat. A simple donut or a like on social media is often enough to influence the vast majority, and the offer of “More Free Shit” is always a winner, even if “More Free Shit” never actually appears.
Its a lot like leading lab rats around by using a picture of some cheese that they can never have.
Computers are programmed by real people, so is AI. Computers and AI are just proxies to hide the blame for the failure (or success for the 1%) of general and specific policies. Like legal Trusts are proxies to hide the ownership of wealth, so to Computers and AI are artifices to make it difficult to find the truth and understand the motiviations of policies and institutions.
The younger generation are more likely to vote Democrat. I wonder how the turnout will be for this demographic in the upcoming November election.
The turnout will be high and they’ll vote for change. They don’t have a chance for a job with a living wage with the democrats.
If you are young and not a Democrat you have no heart.
If you’re a bit older and not a Republican you have no brains.
and if you are a democratic male you have no penis and think you are a woman, and if you are a republican woman you will point this out to the men who think they are women and they will hate you for telling them what they are trying to ignore.
The chemicals in the food and water have made thinking very difficult for anyone raised on the Purina Soy CHow.
No opportunity, no experience needed.
It’s a COVID thing. It looks like the 25-34 age group didn’t graduate with enough skills to replace older workers. Many younger workers participated in the Great Resignation, only to find things did not work out. Work from home prevented the human group experience that is important for productivity.
Too early to say, plus the cohort numbers bounce around. As, as a general rule, younger workers have higher UE rates.
LIFO isn’t just an inventory method. Last in, First out usually applies when workforce pruning is needed, the youngest employees often provide the least amount of needed structure in any organization.
A proper worker bee should be mired in debt, desperate with no other options and willing to do whatever they are told for whatever compensation is offered. Being part of a family that despises and tolerates them is a bonus, leading the worker bee to work long hours to be away from their family.
The young merely need to get old, more indebted, more desperate and more bereft of hope, to move up the ladder and ensure the semi-secure employment, that our current social contracts offer as the stablility of companies and institutions is decimated to build our new empire for our invisible masters.
“First one must give up hope, then all other things will fall into place.”…………….
the motto on the invisible signs hanging over the entrances to our corporate gulags.
The younger generation also doesn’t have the same work ethic as the retiring boomers.
and they aren’t getting the same benefits… see a problem? it’s hard to have a work ethic with no house no family, no friends, no quality health care and an environment that is poisonous and toxic. also who do you think taught them their work ethics? the boomers by never being at home and raising thier children. now what’s the point? Murdering yourself for the gain of some wealthy capitalist who doesn’t care about you?
You get out of life what you put into it. My parents are boomers and taught us excellent work ethics. I worked 2 full time jobs to come up with the down payment on my condo with No help from family. I saved and invested and retired at 47 and I don’t have a college degree. I’m tired of hearing the whoa me boo boo from lazy people who think they should get everything free. Life is NOT fair!
Then you shouldn’t vote for the Republicans and Trump either. They just as much as the Democrats think they can get free or cheap stuff from printing money and piling up debt. Look at the voting of congress for the trillions in stimulus bills. Very little opposition from Republicans and they didn’t opposed the Feds money printing suppression of interest rates.
Trump is the lesser of two evils.
by a rather large margin. unless you are a man in a dress, then he is satan/hitler/bringer of doom/God of Darkness/end of days per social/MSM/corporate government media.
Its strange how brainwashed the world became, so quickly. Makes you think, they don’t want to actually think, they just inhale the world and become what they are told.
Glad I gave up TV in 2006. now I just watch the slow parade of rainbow haired people studded,stapled and stuporred, begging for mask mandates and gluing themselves to various highways.
The madness of crowds is very real indeed…
its not really the parents blame, in the traditional sense, it was the fact that the parents abdicated their parenting to the government schools and got back children that were useless in the real world.
as Blutto said in Animal House, “you f*cked up!, You trusted us.”
The parents are 100% to blame. They are responsible for teaching their children.
So the white man’s still pulling the wagon, I see.
Meanwhile:
Eye issues skyrocket after the COVID shots rolled out
If something else is causing such a profound increase, what is is it?
See the chart https://kirschsubstack.com/p/eye-issues-skyrocket-after-the-covid
The least connected are the first to go.
The least productive are the first to go.
This was true until DEI, although the seeds were planted when affirmative action became reformative action.
the least productive and the least connected are the first to go, if you are a relative of the owner/CEO you’ve got a job for life or divorce if you are related by marriage.