Stephen Kanitz

17 Million to Be Unemployed in 30 Days?

Furthemore, these 3,2 have not lost a job, nor income, they will not reduce GDP, as the 13 million actually have. And those retired will continue to receive income, their pensions, so spending will go up, if part of those 3,2 get a job, which many will. Mark Anthony, your comment is on the mark.


On May 12 01:01 PM Mark Anthony wrote:

> Your argument is incorrect. It is true that 3.2 million kids will
> graduate from high school. Some of them will enter colleges but just
> to replace those who graduate this year. So overall there will be
> 3.2 million looking for a job.
> But that is just part of the aging process of the youth growing up
> and the old growing older. 3.2 million is barely 1.1% of the population.
> There will likely be 3.5 million people also retiring in a normal
> year, making the job positions available.
> So the fact that high school graduations happen by itself do not
> add to the unemployment statistics.