Older interns signal gloomy labor market

Reuters reports:

The rising number of older interns now is symptomatic of the broader crisis in the labor market in which millions of Americans cannot get the kind of work they want.

While the unemployment rate ticked up to 9.1 percent in May, almost 16 percent of Americans were underemployed in the same month -- either out of work but looking, working part-time involuntarily or discouraged from searching for a job.

The higher the minimum wage the older the interns can get.