June 10, 2008
Op-Ed Columnist
Out of Sight
By BOB HERBERT
NY Times
When the dismal unemployment numbers were released on Friday (at the same time that oil prices were surging to record highs), I thought about the young people at the bottom of the employment ladder.
Below the bottom, actually.
A shudder went through the markets when the Labor Department reported that the official jobless rate had jumped one-half a percentage point in May to 5.5 percent — the sharpest spike in 22 years.
The young people I'm talking about wouldn't have noticed. These are the teenagers and young adults — roughly 16 to 24 years old — who are not in school and basically have no hope of finding work. The bureaucrats compiling the official unemployment rate don't even bother counting these young people. They are no one's constituency. They might as well not exist.
http://www.nytimes.com/2008/06/10/opinion/10herbert.html?ref=opinion
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