The dead end kids - New York Post (Keep in mind that it's a conservative paper and the author has a bone to pick with this adminstration about perks to small business, makes no mention of the dire straits Bush left us in, and the overall article has a Wall Street Journal-type tone.) That said, that is one high unemployment rate comes from the Labor Department and is highest since WW2 - it's broken down by age group.
During previous recessions, in the early '80s, early '90s and after Sept. 11, 2001, unemployment among 16-to-24 year olds never went above 50 percent. Except after 9/11, jobs growth followed within two years. A study from the National Longitudinal Survey of Youth, a government database, said the damage to a new career by a recession can last 15 years. And if young Americans are not working and becoming productive members of society, they are less likely to make major purchases -- from cars to homes -- thus putting the US economy further behind the eight ball.
Ford China Plant: Automaker Will Build $490 Million Facility
Meanwhile, Ford will create new jobs - in China!~
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