In another sign that the U.S. economy is not as healthy as some in Washington would have you believe, the Bureau of Labor Statistics (BLS) has reported that the labor participation rate among youth aged 16 to 19 in February was a paltry 32.9%.
"The difference between 3% growth in the economy per year versus 2% isn't a 1% slower decline, it's a 33% slower decline, and you're really seeing these numbers add up," said Money Morning Defense & Tech Specialist Michael A. Robinson on a Tuesday appearance on FOX Business' "Varney & Co."
In the video below, Michael discusses this troubling trend in the youth labor participation rate with host Stuart Varney and offers some suggestions for how Americans can deal with it.