However, since 2012, inflation has tended to change relatively little—both absolutely and relative to earlier decades—as the unemployment rate has fallen considerably.
By any measure, the market for younger workers today looks much better than it did in the years just after the Great Recession, when unemployment rates for teenagers were above 20 percent.3 1/3  BIS central bankers' speeches  In fact, firms are turning more and more to programs like P-TECH to help them find and train the workers they need.