Why American teenagers left the workforce en masse

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The school is not finished for the summer for a growing amount of teens A new & nbsp;study& nbsp; discovers that many high school students are abandoning seasonal jobs in favor of theoretical classes and extracurricular activities. "Data-reactid =" 15 "> The school is not over for a growing number of teens." A new study reveals that many high school students are dropping their seasonal jobs jobs in favor of courses and programs. extra-curricular activities.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" Teenagers work less, both in summer and during the school year.And what they do instead, is that they really use their time very well.The enrollment of teens in the school year. This summer school has quadrupled since the 1980s and has doubled since 2000. And during the school year, teens are now much more likely to simply be enrolled in school and not to try to juggle to both between school and work, "says Lauren Bauer, co-author of the Brookings Institution's study and economic studies fellow, in Yahoo Finance magazineYFi PM."" Data-reactid = "16"> "Teenagers work less, both in the summer and in the school year. What they do, on the other hand, is that they use their time very well. Registration of adolescents at school during the summer. has quadrupled since the 1980s and has doubled since 2000. And during the school year, teens are now much more likely to simply be enrolled in school and not to try to juggle at once between school and work, "Lauren Bauer, co-author of the study and researcher in economic studies at the Brookings Institution, tells Yahoo Finance's" YFi PM ".

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According to the Brookings Hamilton Project, the behavior of 16-19 year olds in the labor market is very different from that of other age groups. The labor force participation rate of adolescents reached a record level in 1979 of almost 60%. This number declined gradually until 2000, when it dropped to around 35% between 2010 and 2018.

"This decline in teen activity rate is really very important and has had an impact on overall participation in the workforce. For example, changes in less-employed teens contributed more than a third to the total decline between 2000 and now, "Bauer said.

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Bauer also notes that educational progress has important repercussions, such as higher wages and lower unemployment. "To the extent that teenagers are substituting themselves for the low-wage job market to ensure they obtain the degrees that have a significant impact on their long-term labor market outcomes, they are doing a good job," he said. she said.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "McKenzie Stratigopoulos is a producer at Yahoo Finance. Follow her on Twitter: @ MckenzieBeehler"data-reactid =" 60 ">McKenzie Stratigopoulos is a producer at Yahoo Finance. Follow her on Twitter: @ MckenzieBeehler

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