QQQ - Small Changes In Trends For U.S. Teen Employment

2024-03-21 08:10:00 ET

Summary

• Applied to the employment situation of U.S. teens, the phrase "gradually and then suddenly" is relevant because we're seeing some small changes in the trends being reported in the employment data for this demographic group.
• As a percentage of the available teen population, overall teen employment peaked at 60.4% in July-August 2023.
• Younger teens are seeing erosion in their employment numbers, with both the number of employed Age 16-17 year olds and their employment-to-population ratio falling.

Ernest Hemingway wrote one of the great lines about how change happens in The Sun Also Rises . Here is the set-up and delivery :

"How did you go bankrupt?" Bill asked.

"Two ways," Mike said. "Gradually and then suddenly."

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