china. it s a korean fund, though. take a look. eric: we ll look at that. john, go ahead. well, youth unemployment rate in greece is 62%. that s how much the greek stock market is up in the last year. maritime mm, i own capital capitalistpig.com. eric: gutsy call. but you have been hot. you re both awesome. great to join us again this week. that s it for the cost of freedom block. before we go, riding aboard the luxurious air force one, $1860,000 per hour. secret service, tens of thousands of tax dollars per day, spending millions of dollars on eight-day martha vineyard extravaganza while millions can t find a job and record number of americans need food stamps to survive. priceless. leadership, priorities, commitment to the country, all things america expects from the commander-in-chief. think about that for a second. 2 have a great weekend, everyone. if you re on martha another
while the july jobs report reflected the familiar pattern of slow but steady economic growth, there are some really staggering numbers out now about young people in the workforce. that same report shows the youth jobless rate in june stuck at 16.1%. that s more than twice the national average. and there are 1.8 million young adults without a job who ve given up looking for work altogether. joining me now rory o sullivan. thanks for being here this afternoon. thanks so much for having me, mara. the biggest sign is a new statistic from the pew research center that finds that 36% of americans 18 to 31 are living at their parents house. that s the highest number in four decades. why are we seeing this? well, as you said, the youth unemployment rate is twice the national average. the youth unemployment dipped down a little bit this month, but the numbers are really misleading. one of the big reasons that it went down so many discouraged
give gabby giffords were unsealed. but 20 other documents will remain under wraps because of privacy issues. jarod lautner is serving several life sentences for that shooting. job opportunities for young people remain scarce according to a recent jobs report. the unemployment rate for 18 to 29-year-olds stands at 12.7. if you tack ter in people if you factor in people who have given up the job hunt the number jumps to 16.1%. the numbers for youngers doubles. the forecast is look more and more like europe s situation. well, america s youth unemployment rate has not been below double digits since october of 2008. and now experts warn the problem could grow to a european-size crisis. the latest jobs report shows america s unemployment rate is 16.1%. that means that there are
currently over 6 pone 5 million unemployed, under employed or simply have given up 18 to 29-year-olds. the unemployment rate for 25 to 34-year-olds in the u.s. is higher than france, britain, japan, germany and canada. the highest sustained youth unemployment rate. there is a 1 in 6 chance you don t have a chance in if you a youth in america. it has sent thousands into the street in mass protest in spain and greece. the european union met this eke and said youth unemployment is the most pressing issue europe is facing. some say they see a similar situation brewing in the united states that could increase the youth unemployent in rate. we have a problem of youth skills not matching job requirements. and we have a high unemployment rate in general
committee and advocacy director for young democrats of america. good day to both of you as we get to go back and relive, if you will, commencement speech day a little bit early. we re talking about ohio, the midwest, they have a calendar that is a little bit more accelerated than perhaps elsewhere in the country. one of the first commencements to be happening here. and richard, the youth unemployment rate which has to be in the minds of many of those who are about to listen to president obama speak, about to walk away with their diploma today, it now stands at 11.1%. and that s 53 straight months that it s been above 10% for 18 to 29-year-olds. we look at all the graduates out here. is this what is going to be top of mind? i think it s exactly what will be top of mind. that all these graduates out there looking for jobs and sadly, they re graduating college without having those options. what we need to see is action from congress to invest in