Summer jobs for teens are “disappearing,” and it doesn’t help that retail stores are shutting down thousands of stores. The rate of teen participation in the U.S. labor force has steadily declined in the last 40 years, from a peak of 72% in 1978 to 43% last year. Many factors are to blame, including more extracurricular involvement, higher enrollment in summer school, and the fact that retailers (which account for roughly 25% of teen jobs) are shutting down stores in droves. A recent forecast predicts employment in the retail sector “won’t pick up until back-to-school shopping gains steam in late July”—too little, too late. (WSJ)
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