109 online
 
Most Popular Choices
Share on Facebook 12 Printer Friendly Page More Sharing Summarizing
OpEdNews Op Eds    H2'ed 6/6/10

Lost Youth Employment in Illinois

By       (Page 1 of 7 pages)   No comments

Stephen Lendman
Message Stephen Lendman
Become a Fan
  (190 fans)

This piece was reprinted by OpEd News with permission or license. It may not be reproduced in any form without permission or license from the source.

Lost Youth Employment in Illinois - by Stephen Lendman


What affects Illinois plagues the nation, the Bureau of Labor Statistics reporting in January that:


"The unemployment rate for young Americans has exploded to 52.2% - a post-World War II high, according to the Labor Dept - meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time."


"The number represents the flip-side to the Labor Dept's report that the employment rate of 16-to-24 year olds has eroded to 46.6 percent - the lowest ratio of working young Americans in that age group, including all but those in the military, since WWII."


The Illinois Policy Institute says the state is "in a fiscal meltdown that continues to spiral out of control," exacerbated by the economic crisis, falling tax revenues, and mismanagement in a state plagued by corruption.


As a result, it ranks in the bottom fifth of states by many key measures, including its economic outlook; Gross State Product growth; debt burden; cumulative per capita income growth; cumulative non-farm employment growth; net out-migration; and property, gasoline, and sales tax burdens.


Unsurprisingly, the state's wealth has been declining. At the same time, it's budget crisis has increased because of an expected $13 billion FY shortfall equal to about half the state's operating budget - the largest (on a per capita basis) of any state in America, including California.


To address it, huge cuts are proposed, including over $1.3 billion from education from primary through university levels. An estimated 17,000 teachers will be laid off, exacerbating an already dire situation, impacting students by school closures, larger class sizes, eliminated programs, and sharp tuition and fee increases at state colleges and universities, the University of Illinois considering a 20% hike besides large cuts in its operating budget.


Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

Stephen Lendman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

VISIT MY WEBSITE: stephenlendman.org (Home - Stephen Lendman). Contact at lendmanstephen@sbcglobal.net.  My two Wall Street books are timely reading: "How Wall Street Fleeces America: Privatized Banking, Government (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert

To View Comments or Join the Conversation:

Tell A Friend