The number of workers aged 16 to 19 fell by a jaw dropping 1 million between 2000 and 2005 (from 8.3 million to 7.2 million). According to projections by the Bureau of Labor Statistics, we ain't seen nothing yet. The number of workers in the age group will continue to decline until 2020, when the count will be only 6.0 million.
What is behind the disappearance of teens in the work force? A growing proportion are in school. Consequently, their labor force participation rate has plummeted from 52 percent in 2000 to 44 percent in 2005. The rate is expected to continue falling, reaching 36 percent in 2020.
Source: Bureau of Labor Statistics, Monthly Labor Review
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