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Hold the Bubbly, Mr. President: Youth Jobs Are Far From Record

  • Trump cited a five-decade low in the youth unemployment rate
  • He’s right, but the actual number working is well below peak
Inside A Job News USA Career Fair As U.S. Jobless Claims Decline
Photographer: Luke Sharrett/Bloomberg

Hold the Champagne on celebrating a milestone in jobs for young adults in the U.S. -- and not just because many of them are below the legal drinking age.

While President Donald Trump proclaimed on Friday that youth unemployment was at a half-century low -- true, when looking at the jobless rate -- the actual number of Americans ages 16 to 24 who are working remains a few million below the peak in the late 1970s. One big reason: More are focusing on school full-time and aren’t bothering to look for jobs.