eco-journal23

eco-journal23 - percent. The most people suffer from this...

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Duc Hoang – Econ210 Journal Date 11-8 Working Poor and the Young Are Hit Hard in Downturn By ERIK ECKHOLM Published: November 8, 2008 The New York Times stated that “from the fall of 2007 to this October, the share of 16-to 19-year-olds working fell by 8 percent.” When the economy is in the recession, jobs cut-off is a popular consequence. On Friday, the Bureau of Labor Statistics reported that 240,000 jobs disappeared in October alone, bringing the unemployment rate to 6.5
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Unformatted text preview: percent. The most people suffer from this cut-off are youth who are seeking for jobs with low education degrees in hands. A recession takes its hardest hit not only on the young people but also in cyclical industries such as construction, manufacturing of durable goods, hotels and temp agencies — traditional avenues into the workplace for the less skilled....
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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.

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eco-journal23 - percent. The most people suffer from this...

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