econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 15 August 2015

Spring Hiring Surge May Have Stunted Summer Job Prospects For 16 To 19 Year Olds

by Challenger Gray and Christmas

Fewer teenagers were added to payrolls this summer, but overall employment among 16- to 19-year-olds still managed to reach the highest level in six years, according to a new analysis of government data.

Employment among teens increased by 1,160,000 during the three-month summer hiring season that stretches from May through July. The employment gain was 11 percent lower than 2014, when 1,297,000 teenagers were added to summer payrolls, according to global outplacement firm Challenger, Gray & Christmas, Inc., which analyzed the latest data from the Bureau of Labor Statistics.

While summer hiring declined, the total number of employed 16- to 19-year-olds reached 5,696,000 in July, which is the highest number of working teenagers since 2009, when 5,962,000 teenagers were employed during the peak employment month of July. Said John A. Challenger, chief executive officer of Challenger, Gray & Christmas:

There was increased hiring of teenagers throughout the year, particularly just before the holidays and then again in the spring before school ended. This suggests that more seasonal jobs in retail, entertainment and leisure, and food service are being taken by teens, which could bode well for their employment figures going forward.

Even with the recent gains, employment among 16- to 19-year-olds may never again reach the peak seen in 1978, when more than 10 million teens were working in July. At that time, however, the participation rate among teens stood at 72 percent, compared to a current level of 41 percent. Challenger added:

Fewer teenagers are seeking employment opportunities, most of them by choice. More are focused on academics, volunteering or jobs that fly under the radar of most employment measures.

Additionally, a small but growing percentage of school districts are beginning to experiment with year-round schedules that provide more frequent, but shorter breaks throughout the year. Teens on these schedules do not have the long summer breaks that might allow them to work at the neighborhood pool or a summer camp.

Unfortunately, the latest available data is from the 2006-2007 school year. However, even nine years ago, there were 3,000 K-12 schools in 46 states that had shifted to a year-round schedule, according to the National Association for Year-Round Education. That accounted for more than 2 million students, at the time, a figure that is likely to have grown over the last nine years.

The shrinking participation rate is somewhat worrisome, because many studies have shown that holding a job during the teen years significantly improves one's earning power later in life. Teenagers who are volunteering or working odd jobs will still reap the benefits associated with traditional employment; mainly learning the importance of accountability, the value of hard work, and satisfaction of accomplishment.

SUMMER EMPLOYMENT GAINS AMONG 16- TO 19-YEAR-OLDS 2005-2015

Year

May

June

July

Summer Jobs Gained

Change from Prior Year

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%

2015

182,000

609,000

369,000

1,160,000

-10.6%

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

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
China, Russia, and the United States: Are They Superpowers?
A New Era of Central Banking?
News Blog
Animals Know When They Are Being Treated Unfairly And They Don't Like It
What Americans Associate Most With Super Bowl Ads
Ranking The US's Presidents Isn't Just A Game For Americans
Canada's Best Employers 2017
What We Read Today 22 February 2017
01 February 2017 FOMC Meeting Minutes: Little Seems to Have Changed Since the Previous Meeting
An Inside Look At Doomsday Bunker Homes With A Price Tag Of 2 Million
January 2017 Headline Existing Home Sales Surprisingly Good
China Moves To Put North Korea In Its Place
Trucking Data Improves In January 2017
February 2017 Chemical Activity Barometer Has Strong Gain
Infographic Of The Day: 2017's Top New Year's Resolutions
Early Headlines: Asia Stocks And Dollar Up, Oil And Gold Steady, Nat Gas Plunges, Fed's Williams Says Low Rates Will Last, Steep UK Brexit Bill, Greek Poverty, China Stocks Look Up? And More
Investing Blog
Green Is Still A Go
How Snapchat Compares To Facebook And Twitter Pre-IPO
Opinion Blog
The Blame Game
Fascism Defined And Described By Oswald Mosley
Precious Metals Blog
Deflation And Gold: A Contrarian View
Live Markets
22Feb2017 Market Close: Wall Street Passes On New Highs Except For The DOW, Interest Rate Hike May Come Sooner Rather Than Later
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved