Unemployed teenagers a drag on apparel retailers

|By:, SA News Editor

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.

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Full report: The Plummeting Labor Market Fortunes of Teens and Young Adults. (.pdf)