Obama Economy Yeilds ‘Gloomy Job News For Young Americans’

One In Three’ Underemployed, More Than Half ‘Disappointed,’ ‘Worried’ Or ‘Angry’ With The Obama Presidency

GALLUP: ‘A Disaster For… Younger Americans As A Group’

“Today's slow economic growth is a disaster for those unemployed and underemployed as they look for jobs when so few new jobs are being created. For younger Americans as a group, this is a particularly acute issue.” (“One In Three Young U.S. Workers Are Underemployed,” Gallup, 5/9/12)

“…April has also brought gloomy job news for young Americans and underscores that this group has been struggling disproportionately for some time.” (“One In Three Young U.S. Workers Are Underemployed,” Gallup, 5/9/12)

“Thirty-two percent of 18- to 29-year-olds in the U.S. workforce were underemployed in April, as measured by Gallup without seasonal adjustment. This is up from 30.1% in March and is slightly higher than the 30.7% of a year ago.” (“One In Three Young U.S. Workers Are Underemployed,” Gallup, 5/9/12)

“Underemployment among 18- to 29-year-olds has hovered around 30% for most of the past year, showing no real improvement.” (“One In Three Young U.S. Workers Are Underemployed,” Gallup, 5/9/12)

“More Now Than at Any Time in Past Year Working Part Time, Looking for Full-Time Job. Another 18.4% of young adults in the workforce were working part time but wanting to work full time in April. This is up from 17.5% in March and 17.1% in April a year ago, and is the highest percentage of part-time young employees looking for full-time work seen during the past year.” (“One In Three Young U.S. Workers Are Underemployed,” Gallup, 5/9/12)

More Than Half ‘Disappointed,’ ‘Worried’ Or ‘Angry’ With The Obama Presidency
UNIVERSITY STUDY: “In a study to be released Thursday, the John J. Heldrich Center for Workforce Development at Rutgers University found that recent graduates are taking awhile to find work. Only 49% of graduates from the classes of 2009 to 2011 had found a full-time job within a year of finishing school…” (“For Most Graduates, Grueling Job Hunt Awaits,” The Wall Street Journal, 5/7/12)

AP: “The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed...” (“1 In 2 New Graduates Are Jobless Or Underemployed,” The Associated Press, 4/23/12)

“…53.6 percent, of bachelor's degree-holders under the age of 25 last year were jobless or underemployed…” (“1 In 2 New Graduates Are Jobless Or Underemployed,” The Associated Press, 4/23/12)

WSJ: “The U.S. labor market is in a malaise, but young adults are in crisis.” (“Generation Jobless: For Those Under 24, A Portrait In Crisis,” The Wall Street Journal, 11/7/11)

PEW: “…the lowest employment-to-population ratio for young adults since 1948.” (Pew Research Center, 2/9/12)

ABC NEWS: “A survey released Thursday showed that only 34 percent of 18-to-24-year-olds are ‘satisfied’ with the Obama presidency. More than half -- 51 percent – said they were either ‘disappointed,’ ‘worried’ or ‘angry,’ according to the survey from the Public Religion Research Institute and Georgetown University's Berkeley Center.” (“Bad Economy Puts Obama In Tight Spot With Young Voters,” ABC News, 4/20/12)

“Nearly 25 million adults live at home with their parents because they’re unemployed or underemployed…” (TIME Magazine, 2/14/12)

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