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Pew Study Points to Obama’s Growing Youth Problem
http://news.investors.com/Articl…Economy: President Obama surfed into office on a wave of support from the nation's youth. And what did those young voters get in return? Sky-high unemployment, lower wages, fewer prospects and a student debt crisis.
It's fair to say that just about everyone has suffered the ill effects of Obamanomics, which has produced growth rates during the 31-month "recovery" that are far below any in modern times.
But a new report out of the Pew Research Center shows that when it comes to economic pain, young workers trying to get a start in life have suffered the most. Among the grim statistics:
The unemployment rate among 18-to-24 year olds was 16.3% at the end of last year, compared with 8.8% for the rest of the working-age population. That gap in unemployment rates, the Pew study notes, is "the widest in recorded history."
Meanwhile, the share of this population that's managed to find work has fallen to 54.3% — the lowest level since 1948, the first year the government started collecting such data.