Chart Of The Day

LaborByAge

John Robertson passes along this disturbing graph showing the young working less:

The big change appears to be that those in school have become increasingly less attached to the labor market. The percentage of school enrollees aged between 16 and 24 who are also participating in the labor market was relatively stable between 1989 and 1998 at around 51 percent. However, labor market participation by those in school declined between 1999 and 2008 from 50 percent to 42 percent. In contrast, labor force participation by those aged between 16 and 24 not enrolled in school has declined only modestlyfrom 82 percent to 80 percent between 1989 and 2008.

Free Exchange follows up.