Friday, July 8, 2011

Teen Employment Increases Almost One Million

Based on my view that labor supply always matters, last month I predicted that teen employment would increase the summer, much like summers past, largely because summer is when teens become available to work. When more people are available to work, jobs are created.

This morning the Labor Department reported that teen employment had increased about 900,000 from April to June. I expect that July will show still higher teen employment.

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