Teens Gain Fewer Summer Jobs

August 4th, 2014
in econ_news

SPRING HIRING SURGE MAY HAVE STUNTED SUMMER JOB PROSPECTS FOR 16- TO 19-YEAR-OLDS

from Challenger Gray and Christmas

More teenagers found jobs in July compared to a year ago, but it was not enough to lift the overall summer hiring total above last year’s levels. Employment among the nation’s 16- to 19-year-olds increased by 419,000 in July, a 16 percent improvement from the 361,000 teens hired in July 2013.

Follow up:

However, the year-over-year increase in July comes on the heels of a 15 percent decline in teen employment gains in June. As a result, summer hiring among teens was slightly lower than a year ago.

Employment among 16- to 19-year-olds grew by 1,297,000 during the peak summer hiring months of May, June and July. That was down 4.3 percent from the same period in 2013, when teen employment increased by 1,355,000.

Despite the decline in teen hiring this summer, the overall employment level for 16- to 19-year-olds is still ahead of last year, due to unusually heavy hiring in the spring. As of July, 5,553,000 teenagers were employed, compared to 5,504,000 in July 2013.

The spring hiring surge may have lowered demand for additional hiring this summer. Employers added 276,000 teenagers to their payrolls in March. While it is not uncommon to see teen employment gains in March, the average over the previous 10 years was 50,000. Said John A. Challenger, chief executive officer of Challenger, Gray & Christmas:

The unemployment rate among teens is still relatively high at 21 percent. That is down significantly from a recession peak of 29 percent in June 2010, but it is certainly indicative of a challenging market for the youngest job seekers.

It is true that more and more teens are abandoning the labor pool for a variety of reasons, including increased volunteerism, summer school, sports and other activities. However, for the millions who remain active job seekers, there is more competition for fewer opportunities. In areas such as retail and food service, teens may vie for jobs against more experienced college students; recent graduates; stay-at-home parents, seeking to make extra spending money; and would-be retirees, who are supplementing their retirement income.

SUMMER EMPLOYMENT GAINS AMONG 16- TO 19-YEAR-OLDS

1998-2014

Year

May

June

July

Summer Jobs Gained

Change from Prior Year

1998

270,000

1,058,000

675,000

2,003,000

 

1999

415,000

750,000

852,000

2,017,000

0.7%

2000

111,000

1,087,000

311,000

1,509,000

-25.2%

2001

58,000

1,124,000

560,000

1,742,000

15.4%

2002

161,000

985,000

510,000

1,656,000

-4.9%

2003

152,000

859,000

458,000

1,469,000

-11.3%

2004

168,000

827,000

597,000

1,592,000

8.4%

2005

183,000

1,007,000

546,000

1,736,000

9.0%

2006

230,000

1,033,000

471,000

1,734,000

-0.1%

2007

62,000

1,114,000

459,000

1,635,000

-5.7%

2008

116,000

683,000

355,000

1,154,000

-29.4%

2009

111,000

698,000

354,000

1,163,000

0.8%

2010

6,000

497,000

457,000

960,000

-17.5%

2011

71,000

714,000

302,000

1,087,000

13.2%

2012

157,000

858,000

382,000

1,397,000

28.5%

2013

215,000

779,000

361,000

1,355,000

-3.0%

2014

217,000

661,000

419,000

1,297,000

-4.3%

 

Source: Challenger, Gray & Christmas, Inc. with non-seasonally adjusted data provided by the U.S. Bureau of Labor Statistics









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