Youth unemployment hits a 50-year low, but there's a catch [CBS News]
JP Morgan Chase & Co. (JPM)
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Source: CBS News
Youth unemployment hits a 50-year low, but there's a catch There's a good news/bad news situation with youth unemployment. More young Americans -- defined by the Bureau of Labor Statistics as people between the ages of 16 to 24 -- are working this summer, pushing the unemployment rate for the group to a 52-year low. But there's a catch: the labor force participation rate for young Americans remains below its 1989 peak. The latest government data suggests that young Americans who want to find work are having an easier time of it. Yet the lagging labor force participation rate points to a longer-term trend of teens and college-age students opting for summer school, volunteer work or other unpaid activities. That's because some teens and their parents believe that may give them a better shot at getting into a competitive college or landing a lucrative job when they're out of college. Yet summer jobs can help students perform better in the classroom when they return to school, according
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