Young Adults Exit Workforce

Breaking down the jobless reports by age group, we find that the biggest gain in jobs for the month was enjoyed by U.S. teenagers, as individuals Age 16-19 saw their numbers in the U.S. workforce increase by 106,000 to reach a total of 4,508,000. But you can't have a gain of 106,000 workers between the ages of 16 and 19 and only a net gain of just 17,000 people in the workforce for the month unless a lot of other people exited the workforce. All of those people, it would seem, were young adults between the ages of 20 and 24.