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Choose the correct statement: Group of answer choices The labor force participation rate for teens trended down from 52.5% in 1948 to 44.5% in 1964.
Choose the correct statement: Group of answer choices The labor force participation rate for teens trended down from 52.5% in 1948 to 44.5% in 1964. The rate moved upward until it reached its high point of 57.9% in 1979. Since 1979, the labor force participation rate for teens has been on a long-term downward trend falling to 52% in 2000. The rate then dropped rapidly during and after the Great Recession to reach 34.1% in 2011, and since then, it stayed within a narrow range. The labor force participation rate for teens declined sharply from February-April 2020 to 29.9%. By April 2023, it was just a little above the pre-pandemic level at 37.1%. Two of the factors that have contributed to the long-term downward trend in the labor force participation rate for teens include the dramatic rise in tuition costs and, consequently, borrowing to pay for college and parental emphasis on the rewards of education. All of the above
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