Wall Street Journal Project

Topics: United States public debt, Public finance, Government debt Pages: 4 (1308 words) Published: April 15, 2012
Wall Street Journal Project ECNC 214
Susannah Carnahan

1. “With Jobs Elusive, Young Workers Quit Looking” written by Sara Murray. Found in Business section. Published on August 24, 2011. 2. UNEMPLOYMENT
3. In this article, the author is intending to show how many young workers are no longer looking for summer jobs because it has become increasingly difficult to find work. 4. In this article, the author describes why young workers are no longer looking for summer jobs nor are they being hired for summer work. This summer held the lowest number of young people who found work than any other year on record. “Fewer young Americans found jobs this summer than last year, but because some of them didn’t look for work” (Murray, S. 2011). It was particularly difficult for a young worker to find a job between the months of April-July. “Some 48.8% of young people held jobs in July, the lowest rate for that month based on data going back to 1948” (Murray, S. 2011). The reason behind the difficulty in finding a job during these months is due to the amount of high school students and college students who are looking for summer work and the lack of work available. “During these months, large numbers of high school and college students search for or take summer jobs, and many graduates enter the labor market to look for or begin permanent employment” (Murray, S. 2011). If these young people decide to continue their schooling through the summer rather than finding a job, the economy and the students will benefit in the long run from both higher wages and higher productivity. However if they decide to not return to school or find a job, then both the economy and the worker are negatively affected. 5. The unintended consequence of the author’s purpose is that she gave young people an increased excuse not to look for a job. If a young worker looks at the statistics of actually finding employment, then they may decide it is not worth their effort causing an...
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