Only 48 Percent Of U.S. Adults Under The Age Of 30 Have A Full-Time Job?
I am so glad that I am not a young adult looking for a job in this very difficult economic environment. Every month, federal bureaucrats tell us that the unemployment rate in this country is low, but at this point everyone knows that the numbers that they give us are fake. The reality of the matter is that it is now “the toughest time in years” to find a good job in the United States, and that is particularly true for our young people. According to Mark Mitchell, a Rasmussen Reports survey that will soon be released will show that only 48 percent of U.S. adults under the age of 30 currently have a full-time job…
As the results of the last presidential election demonstrated, Rasmussen is typically very accurate.
So this is an extremely alarming development.
Vast numbers of our young adults are working low-paying part-time jobs right now because that is all they can get.
But as the employment market gets even tighter, there will even be intense competition for those jobs.
Day after day, large companies are slashing more high-paying positions. For example, Exxon Mobil just announced that it will be eliminating 2,000 jobs…
Oil giant Exxon Mobil is preparing to cut thousands of jobs worldwide in a corporate reshuffling.
A spokesperson for Exxon confirmed to Barron’s on Tuesday that the company plans to cut 2,000 jobs, representing 3% to 4% of the energy company’s global workforce.
But that is nothing compared to what has been going on in the tech industry.
Through September 15th, big tech companies had laid off 166,000 employees so far this year.
Sadly, I expect to see the pace of layoffs accelerate in the months ahead because so many industries are deeply troubled at this moment.
In recent days, we have been getting some extremely alarming warning signs from the auto industry…
The warning signs are stacking up. First Brands, a manufacturer of filters, brakes, wipers, and lighting systems, filed for Chapter 11 bankruptcy on Sunday night.
Its collapse comes just two weeks after subprime auto lender Tricolor Holdings went bankrupt and shut down, and follows June’s Chapter 11 filing by Marelli, a supplier for Nissan and Chrysler.
Experts told the Daily Mail that these bankruptcies are another part of an auto industry flashing danger signals that could spill into the broader economy.
https://citizenwatchreport.com/only-48-percent-of-u-s-adults-under-the-age-of-30-have-a-full-time-job/