Posted on 07/03/2009 8:09:13 PM PDT by bruinbirdman
Not since 1965 has it been so hard for teens to get work.
Think an unemployment rate of 9.5% is bad? It could be worse. You could be a teenager.
For teenagers, the summer job market has not been so bleak in generations. During what should be the start of the bustling summer job season, the unemployment rate for 16- to 19-year-olds who want work is 24%--the worst since 1965.
The outlook for teen jobs is so bleak that it's weighing down the entire employment report, which the Bureau of Labor Statistics released on Thursday. The country is headed for an entire decade with no job growth. In June, the report showed unemployment climbed to 9.6% from 9.5%, and 467,000 jobs were lost, thanks in large part to the decline in jobs for teens. (See "The Job Market's Grim Picture.")
"The biggest problem [in the report] was that the summer job market for teenagers was nonexistent," says Joel Naroff, of Naroff Economic Advisors, in a note. "The 24% unemployment rate for this group was the second-highest since the end of World War II. While teenagers comprise only 4% of the workforce, they made up over 22% of the increase in unemployment in June."
In June, there were 5.6 million jobs for teenagers, down from 6.3 million a year ago, and nowhere near the level of the late 1990s, the golden age for teen employment. In July of 1999, there were a record 8.8 million working teens.
"The economy has, of course, been bad for the restaurants and retail stores in which many teens work, but more is at play," says Kristen Lopez Eastlick, senior research analyst for the Employment Policies Institute. "The general unemployment rate is so much higher that your hiring market is going to be represented with more
(Excerpt) Read more at forbes.com ...
I stand to lose my job. I work for a Boy Scouts of American Coumcil, donations are rock bottom. The Executives have done their jobs, people just don’t have the money. :( I really don’t want to be unemployed at my age and out looking for a job with this high rate of unemployment.
not only are they competing with illegals, if they are hired by a hispanic boss, they are hired at lower wages than their illegal coworkers, not to mention their coworkers speaking almost entirely in spanish amongst themselves, leaving the teen feeling isolated - Laraza motto: for us, everything, for them, nothing
Am I reading this article correctly?
Kids who can’t find summer jobs are included in the unemployment numbers? How does that work? Do they get benefits?
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From the article:
For teenagers, the summer job market has not been so bleak in generations. During what should be the start of the bustling summer job season, the unemployment rate for 16- to 19-year-olds who want work is 24%—the worst since 1965....
“The biggest problem [in the report] was that the summer job market for teenagers was nonexistent,” says Joel Naroff, of Naroff Economic Advisors, in a note. “The 24% unemployment rate for this group was the second-highest since the end of World War II. While teenagers comprise only 4% of the workforce, they made up over 22% of the increase in unemployment in June.”
“Your solution, Pelham? Elect Obama. Right? Hows the HOPE and CHANGE working out for you?”
And this is what passes for logic among GOP-bots. Got stupidity, Rembrandt?
Most neighboring states look good to them. I have friends who have moved on to Oregon, Washington, Nevada, Utah, and Arizona. When they come back to visit they are shocked by the changes here. A lot of them left before the graffiti and gangs began wrecking the once pleasant suburbs.
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