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Hi everybody I'm Lawrence him in -- happy Tuesday -- his career accelerator day breaking in.
From the trial here to bring you latest business news -- -- start.
With that Amy rose in -- handset the president and CEO of -- -- network for teaching entrepreneurship which does exactly that you teach.
Kids and teachers had to -- they're entrepreneurial skills.
I'm glad having on especially this week -- to get -- -- June jobs report on Friday.
This is always the market moving event.
Of the week and teen unemployment is a huge problem because -- in the -- Adults and older workers' movement.
Yes so what is fifteen of them right.
Well it's just it's hovering right below point 5% now the official rate recognized as with all the numbers we think there it's probably really much higher than that because recording but.
It's you know it's basically three times as high as adults so -- -- translates -- to three times as hard as finding a job.
And it's been about 20% for the past four and a half years or so it -- points in the teens have been struggling.
And wouldn't think some of the reasons for that -- and and how reporting is it for a fifteen to have a job.
Now we're a couple -- And there but you know to begin -- as not only is it hovering around you know between state you know close to 25%.
And unlike the other employment numbers -- are at least creeping up and these his numbers are not moving in some cases are moving down so.
The trend is in the wrong direction and you know kids do need to have jobs I mean many of -- need to have jobs because they actually in other families depend on and they needed for their income to actually stay in school and some -- that means staying in high school I mean we have 50%.
Have kids of -- -- -- major cities dropping out.
A big reason for that is innocent of the two big reasons there's.
One schools not connected to opportunity and to.
They actually you know fact -- -- they have to get out of school to do other things you know focus most of your work in lower income areas we do because we just have the best return on investment.
Because we really find that it -- you know -- we offer them.
A full time class in high school in junior high school middle school or one -- -- summer this camps it takes 69 -- hours.
We can actually change your trajectory because we actually.
One connect school with opportunities so they stay in school right and we know kids that don't graduate -- before.
How exactly are you connecting schools with opportunity that seems to me -- they say you're feeling how you do that is if these camps is it.
Certain classes there offering -- I have posted -- And so first of all it's kind campus aren't that in you know in that economy which is was founded and based on the success of business development that.
Historically we don't talk about business we don't talk about money and school.
So we have Charlie.
Pardon everybody says yeah I mean that's -- -- across the board not just in eastern areas -- demographics.
Now across the board and I've been vice chair for a presidential panel that's looking at American's financial capability.
And and Antonio it's not done anywhere on any kind of regular basis so we do is first of all -- in school we trained public school teachers.
To give this class -- the basic class and entrepreneurship.
And we bring in a lot of people to help support the activities and thousands of volunteers throughout the country this work.
So give me an example of it to hook kids take the first step surfaced about can't start by during the course of the class they produce a business.
Planting and by the end of the class they're pitching map plan to well known entrepreneurs all over the place and having competitions.
Personally -- usually do is we take kids to.
A wholesale market we teach him to negotiate for care we give them money.
They buy something they go back to their school they sell it they actually pocket that the profits and they start seeing night.
I was if -- -- -- finish -- exactly and I have opportunities beyond what I see in my you know neighborhoods which is not right.
So you know -- we take them through a process that includes opportunity recognition they learn to figure out their return on investment.
There economics of one unit they -- coach financial maneuvers.
And then they finished with this great business.
And that real world experience might be refreshing for them because his classes let's face it they get stuck -- say how my everything he used that.
And then maybe see -- yet he can use it and you can make money as the end result is interesting -- -- on the lower rung here when you get to that hired scales college's graduates from universities a lot employers are saying.
The graduates aren't prepared because they weren't educated.
And it's expensive private school that they paid for for the real world so it's nice to see that you're tackling issue early on.
I'm just not my teen unemployment a little bit more.
Did it obviously got much worse -- their -- right because a lot older workers got laid off and then sometimes they weren't.
Doing the ticket -- that movie theaters and and scooping ice cream those -- additional teen jobs there's nothing wrong with those jobs that typically.
You don't want sealed their adult or any adult doing an excellent job -- -- they need to.
Absolutely I mean and you know as you said it's cascaded down -- and I just was put.
The US soccer commissioner and he said they have fifty interns there this summer and more than 70% for our college -- -- you know so.
So it's happening at all levels and we really need to.
In this country get kids thinking earlier whether they're gonna create their own businesses or think like entrepreneurs.
They have to actually get this front now mindset and that's really wouldn't it be actual acts -- stuff thinking semi --
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