The Amazing Collapse Of The Working Teen
11th January 2011
A lot of that discussion focused on folks going into early retirement or giving up the search for jobs, but there’s another factor, which is the disappearance of teens in the workforce.
If teen Labor Force participation held the level of 41.4% from December 2007, there would be 2.6 million unemployed teens. Teens represent just over 3% of employed persons, a record low (the 1973 peak was 8.7%).