A BAD ENTRY-LEVEL JOB MARKET IS EVERYONE’S PROBLEM The 5 million or so young people looking to enter the labor market in the early 1990s got a brutal reception. I was one of them, and I remember rejection letters to my job applications raining into my college dorm mailbox. “The prospect of a position becoming available is dim,” read an unusually blunt response on official letterhead from Time magazine. (I still have it.) The recession of those years, triggered in part by the savings and loan crisis of the late ’80s and the spike in energy prices due to the Gulf War in 1990-91, sent youth unemployment skyrocketing to 13.4%, according to data from the Federal Reserve Bank of St. Louis. Economists dubbed the subsequent period “the jobless recovery.” Full article: https://www.msn.com/en-us/news/us/a-bad-entry-level-job-market-is-everyone-s-problem/ar-AA20Rqgn?ocid=msedgntp&pc=HCTS&cvid=69e63c464af549b2a067a4e6442d33c6&ei=39(FXHedge)