The Center for Labor Market Studies at Northeastern University is out with a shocking report on the unemployment rate of teenagers.
A study by the group found that the percentage of teens that were employed dropped 19 percentage points to 26% during the period from 2000 to 2011. Some analysts think the rate is actually even lower today.
One group that might not be shocked by the apparent cash-strapped nature of teenagers is apparel retailers. Firms up and down the sector have been rocked by weak traffic trends that are tied to more than winter weather.
Full report: The Plummeting Labor Market Fortunes of Teens and Young Adults. (.pdf)