As summer begins to draw to a close, we're seeing some fascinating statistics about the state of the labor market. For one thing, younger people were able to get summer jobs this year at the highest pace in years. The Labor Department reported last week that there were more than 20 million people aged 16 to 24 with jobs this summer - the highest that number has been since 2008.
The percentage of youth working is climbing very slowly. The fraction of people in that age cohort with summer jobs was 51.9 percent this year, up from 50.7 percent a year earlier. But that's down from 59 percent back in 2004 and a whopping 69 percent in 1989.
Back in 1989, it was actually more common for young people to have a job during the summer than adults. At that point, just 64 percent of those over the age of 24 had jobs.
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