Dr. Perryman responds to the high numbers from September and explains some underlying causes and what that will mean moving forward.
You've likely heard about the labor force participation rate declining in monthly job reports. Dr. Perryman says there is a logical explanation: After a worker turns 64, they are no longer counted as employed.
Having a summer job used to be a rite of passage for teenagers. Changes in economic conditions and preferences are contributing to a decline in the numbers of young people seeking summer work. The implications for both young people and employers are significant.