Short Sale, Foreclosure and Strategic Default

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Monday, November 30, 2009

Who’s Hurting the Most? - Economix Blog - NYTimes.com

Who’s Hurting the Most? - Economix Blog - NYTimes.com: "First let’s take a look at jobless rates by age:
DESCRIPTIONSource: Bureau of Labor Statistics

While older workers may worry about their coming retirement, younger workers are actually having the most difficulty finding jobs. The unemployment rate for teenagers, which reached 27.6 percent in October, has set a record in each of the last three months.

On to education. As implied above, greater educational attainment is associated with a lower unemployment rate:
DESCRIPTIONSource: Bureau of Labor Statistics

Men are also doing much worse than women in the labor market, largely because men are disproportionately employed in industries that are more sensitive to the business cycle:"

This may explain why we see so many people out at the malls and restaurants in North County.

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