School’s almost out, and the only thing hotter than the weather is parents’ desire to get their teens out of the house and into the summer workforce. This summer, that’ll be easier than usual; the teen unemployment rate has dipped below 13 percent — a level not seen since the Clinton years.
But it’s not all good news. Despite the low youth unemployment rate, the number of teenagers who have exited the labor force is near an all-time high. One factor to blame: Aggressive increases in the minimum wage at the state and local level.
For the past five years, the […]
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