INTERNATIONAL US: Obama promises youth summer jobs
Thu, 3 May 2012
US president Barack Obama has announced an initiative to create 110,000 further summer work opportunities for 16-24-year-olds, reports Reuters.
He had previously pledged 180,000 as part of the scheme announced in partnership with the cities of Chicago, Philadelphia and San Francisco, with support from companies including insurer Blue Cross, FMCG provider Johnson & Johnson and financial services firm UBS.
Bureau of Labor Statistics (BLS) data show that the number of young people unable to find summer work increased by 745,000 to 4.1m in July of last year, with that summer also seeing the lowest youth employment rate in the month of July since 1948.
As Reuters notes: “Obama won a strong majority of the youth vote in his 2008 presidential election and is trying to do so again but a key question is whether many young people will turn out to vote.”
This news comes the day after payroll processor ADP’s monthly hiring report showed that 119,000 new private sector jobs were added in April. This was the lowest figure in seven months, and well below analysts’ 175,000 expected figure.