Unemployment is lower than it’s been in 18 years and summer hiring is expected to be strong, but more teens are opting not to work, according to labor market research.
The labor-force participation rate, a measure of the share of people with jobs or looking for employment, was 43 percent for teens last summer, down about 20 percentage points from July 2000—the last time the unemployment rate was around 4 percent—and down almost 30 percentage points from in July 1978.
Source: New feed 2