Daily Finance (02/22/2012) Morgan Housel
The economic report released last week by the Obama administration includes dozens of tables and charts, highlighting data on multiple facets of the economy—including one on the declining labor participation rate for young workers. The chart indicates that the percentage of working-age people with a job has been falling since the late 1990s and has accelerated over the past few years. Fewer young adults are in the labor force, but more are enrolled in college. Another chart in the report shows that people with a college degree have seen increases in their income, while those without a degree have seen their income decline.
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