Tag Archives: unemployment cartoon

Can Someone Help Me Understand?

Something I find incredibly frustrating is that while the economy is struggling and college grads can’t find jobs the prices for education are going up. This seems ridiculous to me!

A college education is no longer the secure investment it used to be. This article from the New York Post explains the situation in more detail how student loans will be the next debt bubble to burst.

Financial advisers often refer to educational debt as “good debt” because college graduates make far more on average than nongraduates.

But not all degrees provide an equal return on investment. A degree in chemical engineering, for example, produces an average starting salary of $64,500. Someone with a degree in culinary arts, however, can expect to start out making less than $30,000 — a salary they might get without a degree. Yet despite such differences, the government subsidizes loans as if all majors were equally valuable.

The job market, while tough for all, is even tougher for recent college grads. A study showed that among 2010 graduates, only 56 percent had managed to hold at least one job by this past spring. No wonder defaults are on the rise.

So can anyone please tell me why tuition costs are rising?


Bad News

In an effort to keep all unemployed 20-somethings informed on the latest unemployment news, I’m sharing this article.

Apparently, a former White House economist has come out and said that he doesn’t believe unemployment will drop below 8% until after 2012. Scary!

Sorry about the bad news. I hope this unemployment cartoon will make you feel a little better!

My Special Relationship

I’ve had a wonderful relationship with “someecards” ever since they first appeared in my life as Facebook bumper stickers (whatever happened to those?). They frequently make my day a little brighter and put a smile on my face.

I scoured the internet for these unemployment someecards to share with you. Hope they make you smile!

Is Teenage Unemployment a Big Deal?

Recently, a lot of readers have been sending me links to articles that deal with unemployment, youth unemployment, underemployment etc. I love the wealth of information and I always review every article and look forward to sharing it with you! So please keep them coming rebekah.meinecke@yahoo.com!

From US Bureau of Labor Statistics data

Today, I wanted to talk about an article in the New York Post that was sent to me. The article discusses the 24.5% teenage unemployment rate. At first you might think, as I did, that the teenage unemployment rate is not a huge deal. Teenagers don’t have families to take care of and they are (usually) supported by their parents. So, what is the big deal if there aren’t a lot of teens employed? Then, this paragraph caught my eye:

The economic malaise since 2008 has perhaps created a lost generation of sons and daughters missing out on career growth and development because of their inability to get a first job.

I started thinking about my first part-time job. At 16 my parents informed me that they could no longer afford my social life (gas, movies, going out to eat with friends etc.) and, if I wanted to keep my social life I would have to find a part-time job.

I remember that I was a nervous wreck for my first job interview with Dairy Queen and I had no idea what to wear or say. I was thrilled when I got the job and I learned a lot from the experience. I learned how to work with people of many personality types and who were from very different backgrounds. I learned the value of money and about sharing my paycheck with Uncle Sam.

This job was an extremely productive way to use my time and energy and I made a lot of new friends. Sure, it was no fun to clean the bathrooms or mop the dinning area but these tasks pushed me to work hard at school so I wouldn’t have to do this type of work my whole life. This realization relates to another part of the article.

“…job-holding in the senior year is associated with substantially elevated future economic attainment, whether the latter is measured by earnings, wages, occupational status or the receipt of fringe benefits,” said economist Christopher Ruhm.

I definitely agree with this statement based on my personal experience. I’m glad that I got my chance to work part-time jobs and learn and grow. Although, with the way the economy is looking, I may be back at Dairy Queen mopping floors anyway!

Youth Unemployment Cartoon

What do you think about teenage unemployment? Did you have a part-time job that you feel helped you grow and mature?