Far more worrisome is the condition is the trend of employed males 16 to 24 years of age, which has has dropped from 76% to 57% due in great part to more males attending college, and due to the difficulty of finding meaningful employment after college.

FORBES: Almost Every Age Group in the U.S. is Finding it Tough To Get a Job

Apart from some die-hard New Classical economists, and the odd Rothbardian, everyone appreciates the difficulty of achieving such downward absolute cuts in nominal wage rates as may be called for to restore employment following an absolute decline in NGDP.

FORBES: Three Percent Is The New Zero Percent

In Palm Beach Gardens, Florida, Kahtoya Wesley, 20, has had difficulty finding a job, but she has a better chance of finding work now because she has joined the Summer Youth Employment Program, according to WPBF-TV in West Palm Beach.

CNN: Cities putting young adults to work