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Teenagers aren’t taking all the jobs anymore

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While the June jobs report exceeded expectations, adding 850,000 payrolls, it also blew up a developing narrative that teenagers were helping solve the country’s labor shortage.

According to Bureau of Labor Statistics data, teen unemployment rates in April and May were at 12.3% and 9.6%, respectively, signaling that in the spring, teenagers were jumping into the labor force. But the unemployment rate for the 16-19 age group sat at 9.9% in June, suggesting the trend might not continue throughout the summer.

The New York Times economics reporter Ben Casselman wrote on Twitter that in the spring, details ⇒

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