Teens Face Worst Summer Job Market in 41 Years

[Ed Barrow]

Source: CNBC

Employment among 16-to 19-year olds in May grew by just 6,000, the smallest increase since 1969, when teen jobs fell by 14,000, according to government data analyzed by employment firm Challenger, Gray & Christmas. In May 2008 and 2009, teen employment grew by over 110,000.

“It’s certainly a preliminary strong indication that it’s going to be a tough job market for teens,” said John Challenger, CEO of Challenger, Gray & Christmas.

Jobs traditionally given to teens are apparently going to older workers who are willing to take low paying job to make ends meet. Employment among 20- to 24-year-olds grew by 270,000 in May, an unusual spike, considering that employment in the same age group fell by 261,000 in May 2009.

"Also impacting the job market for young adults are the large number of older adults who are willing to accept even a temporary, seasonal position simply to generate some income," said Steven Rothberg, chief executive officer of CollegeRecruiter.com, an online entry-level job-posting site.



Read more: http://www.cnbc.com/id/37573330

[lib2DaBone]

1. ..and how is this not Great Depression II ?

[RKP5637]

3. IMO it will be worse... The enormous overhead of the country, the

borrowed money, the competition from other countries, the decreasing emphasis on education, the corporate stranglehold on gov., the divided country, failing unions, lack of stratification of jobs and skills, cornered wealth of the entire country by a few percentage points... on and on. I think it could eventually be far worse...

[RKP5637]

2. The economic model for this country needs to be rethought for the 21st century,

but I don't see that happening. So far, it's business as usual. Money has been pumped into an existing paradigm that rewards the wealthy wealthy and leaves much of the country disadvantaged.

[lib2DaBone]

4. Our country is in the death grip of the Conservative Right..

..just when we need to be thinking "outside-the-box", when we need to be examining what went wrong and how we can do it better...

We are hell bent stuck on outdated failed Conservative thinking.

[malletgirl02]

5. underemployment

This is because due to the recession many people are underemployed. They have to take jobs below their skill level. workers who have been working a long time have to take jobs college grads use to take. As a result the college grads are taking jobs that only require a high school diploma. the high school grads are taking jobs that teens traditionally did. As a result there are very few jobs for teens

[rocktivity]

6. Candidate for "You Call This NEWS?" Award

Teens competing for McJobs with their parents has been going on for years!

:eyes:
rocktivity

[CanonRay]

7. In 1969 I was 18 years old

and just out of high school. I had a job though, I don't think it was as bad as it is now.