Metro Sacramento youth unemployment is nearly 300% higher than in 1950
- There is a gradual impoverishment of society over time.
- What is considered as "wealth" are jobs and businesses floating on a sea of Greek-style government debt and spending that has to come to an end at some point.
There has been a gradual increase in youth unemployment numbers from 1950 on in the People's Republic of California. In Metro Sacramento with 2.5 million people there has been a steady increase in unemployment and under-employment over the decades.
Thousands of new high school and college graduates will start their careers this summer in the Sacramento region. They'll enter a job market that, while slowly recovering, is much worse than the markets their grandparents and parents faced at the same age.
Nearly one in five local 18- to 29-year-olds not in school was unemployed in 2010, triple the rate from 1950, when their grandparents were that age. And it's 50 percent higher than the rate from 1980, when their parents started careers, the latest census figures show reports the Sacramento Bee.
The bleak picture for the young is drawn in other ways. Homeownership among young adults, for example, is down. Part-time employment is up. And nearly one in three local young adults, not in school, can look across the breakfast table and say, 'You had it better.' Because those 65,000 young adults still live with their parents.
Older workers with experience take many of the best jobs, forcing more young college graduates to find work in retail or food service – jobs normally held by workers without a degree. That leaves those with only a high school diploma in the cold, grabbing for leftovers historically reserved for dropouts.
Increasing Poverty and Unemployment - I am willing to bet the numbers below would apply to many regions of the U.S.
The reason for their struggles is, of course, the lackluster economy. The region's unemployment rate is 10.4 percent – and is much higher for young adults.
And, behind that, lie the cuts in government jobs, because Sacramento is still largely a government town. Many of the first government jobs eliminated were entry-level positions. And government layoffs generally are based on seniority, hitting young workers hard.
Nationwide, the unemployment rate among workers between 18 and 30 has fallen by about two percentage points in the last two years, but remains almost double what it was five years ago, U.S. Department of Labor data show. (The latest local figures broken down by age are from 2010.)
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(Sacramento Bee)
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| . Debt, debt and more debt. |
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