Joblessness is higher for younger workers than older ones

Parent Cafe
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<p>"The land of milk and honey is souring for Generation Y, just as its members get their careers into full swing.</p>

<p>With the unemployment rate skyrocketing, employees under 30 have the most reason for worry. Joblessness is far higher among younger people than for those later in their careers.</p>

<p>For workers under 29, the unemployment rate jumped to more than 11 percent in December, compared with under 9 percent a year ago, according to Labor Department figures. That is far worse than the overall rate of 7.2 percent, up from 4.9 percent a year ago. The rate for teenage workers, from 16-19, is far worse – approaching 20 percent. For workers in their 30s and older, the rate is still under 7 percent, and generally declines as workers get older…"
[Generation</a> Y job-seekers hit hard - Careers- msnbc.com](<a href=“http://www.msnbc.msn.com/id/28663645/]Generation”>http://www.msnbc.msn.com/id/28663645/)</p>

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<p>This must be a bitter pill to swallow for anyone who worked so hard in school. I’ve watched the neighborhood kids (now college graduates) deal with the issue. Some have joined the military; some have temp jobs that could go away at any minute. Many have moved back in with mom and dad.</p>

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<p>Well that is true. My coworker just quit one company and joined another within days. He is at least 50+. His work ethic is what got him hired. I also noticed a lot of younger workers play video game at work loudly, they were not being sneaky. They were let go when the economy went sour.</p>