Remember when we were growing up and it was a rite of passage during high school summer breaks to get a job, and perhaps even buy our first car with those earnings? Sadly today, this is no longer possible as the real consequences of Obama’s job recovery, coupled with the tens of millions of illegal aliens in the country over the past 10 years, have made youth unemployment a thing of the past.
At 41.3 percent, the July labor force participation rate of teens was the lowest for the month in the post-World War II period.
The teenage summer job has been going the way of telephone booths and the cassette tape for decades. The length of the downward trend has been masked by the fact that it’s hard to tease apart teen summer jobs from teen employment more generally.
Looking at the jump in the labor-force participation of teens in July over the average for the school months, it’s clear that summer jobs peaked in the mid-1960s and have been sliding since. –Bloomberg