A new New Deal to cut youth unemployment

Here are some unemployment charts I put together via Ycharts. Youth Unemployment Rates US vs. Europe

One of the more tragic outcomes of the euro crisis has been the gut-wrenchingly high youth unemployment rates.  More than half of the young people in Greece and Spain are looking for work.

DAVOS — Youth unemployment is at staggering levels in the European Union. Every fourth young person between the ages of 15 and 24 is unemployed, amounting to around 5.5 million young adults without a job. In Spain, recent employment data indicate that the number has risen to 60 percent, a new record.   The figures serve as a stark reminder of the fundamental problems within some of Europe’s southern economies.  

Dick Wendt, the founder of Jeld-Wen, passed away recently.

I’m a biostatistician. That means that I help scientists and doctors analyze their medical data to try to figure out new screening tools, new therapies, and new ways to improve patients’ health.

Youth unemployment is shockingly high in Greece, Spain, and Italy as shown by Europe's Most Tragic Graph by The Atlantic.

Steven HorwitzThis morning's Wall Street Journal has an editorial piece on the recent minimum wage hikes and their effect on the rising teenage (and especially teens of color) unemployment rate.  This is a trend I noted almost two years ago that has continued unabated.  Rather than an excerpt, I'll just reprint their graph: