1. Overall unemployment rate for January: 4.6% (up from 4.5% in December)
2. Unemployment rate for teenagers: 15%
3. Unemployment rate for black teenagers: 29.1% (240,000 unemployed)
4. Unemployment rate for white teenagers: 13.2% (793,000 unemployed)
Bottom Line: There are currently more than 1 million unemployed teenagers who are actively looking for employment and are unable to find jobs.
Question: Will a 40% increase in the minimum wage make it EASIER or HARDER for these 1 million unemployed teenagers to find jobs? See the cartoon above for the answer.