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Monday, November 17, 2008

Scarce employment affects many


The economic crisis is hitting the working poor and younger job seekers hardest. With fewer jobs available, the working poor are being squeezed out of their jobs by mid-range income employees whose jobs have been taken by overqualified college graduates. Teens 16-19 are seeing fewer jobs available. Jobs in cyclical industries such as construction, manufacturing of durable goods, retail trade, and hotels have also been reduced.

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