BUSINESS

Teenage Jobless Rate Reaches Record High

10/21/2009 05:12 am ET | Updated May 25, 2011

This August, the teenage unemployment rate -- that is, the percentage of teenagers who wanted a job who could not find one -- was 25.5 percent, its highest level since the government began keeping track of such statistics in 1948. Likewise, the percentage of teenagers over all who were working was at its lowest level in recorded history.

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