Obama Stimulate This … Canada Adds 27,100 Jobs in August While US Loses 216,000 and Teen Unemployment at Record Number, 25.5%
Did Canada have a $787 billion stimulus package like passed in the US by the Obama Administration to help their economy? No they did not; however, Canada added 27,100 jobs in August while the unemployment numbers in the US were a much different story. More hope and change from Barack Obama and the Democrats.
Still, the addition of 27,100 jobs is well above the previous month’s 45,000 job retreat. The result also beat consensus expectations of a 15,000 job loss month.
The U.S.-equivalent based on labor market size would be 271,000 jobs gained. The U.S. labor market is about 10 times the size of Canada’s.
The employment numbers is the United States are a much different story as unemployment climbed to 9.7% and another nonfarm payrolls declined 216,000 in August. However, it could be worse. You could be a teenager in America trying to work.
How bad is unemployment is the US? Among teenagers we have reached record unemployment as it is the highest it has ever been at 25.5%.
This August, the teenage unemployment rate — that is, the percentage of teenagers who wanted a job who could not find one — was 25.5 percent, its highest level since the government began keeping track of such statistics in 1948. Likewise, the percentage of teenagers over all who were working was at its lowest level in recorded history…
This August found more than a quarter of the teenagers in the job market unable to find work, an unemployment rate nearly three times that of the nonteenage population (9 percent), and nearly four times that of workers over 55 (6.8 percent, also a record high for that age group). An estimated 1.64 million people ages 16-19 were unemployed…
Fantastic and appropriately sarcastic analogy from Sweetness & Light with regards to teen unemployment, when Democrats took control of Congress and global warming.
When did the Democrats take over Congress? And when did unemployment begin to skyrocket?
Luckily, there is no obvious direct correlation between the two. As there is, say, between carbon emissions and global warming. Or even minimum wage hikes and unemployment among teens.
What among other things might be the culprit to teen unemployment? How about minimum wage increases passed by Democrats?