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 10 April 2016

More Summer Jobs For Teens In 2016?

from Challenger Gray and Christmas

Teen employment, already at its highest level since 2009, should continue to increase in the summer months, according to a just-released outlook. However, the number of teens seeking and finding summer jobs during the summer months has declined in each of the last three years - a trend that is likely to continue in 2016.

Said John A. Challenger, chief executive officer of global outplacement firm Challenger, Gray & Christmas, Inc."

Teenagers seeking summer employment should continue to have more and more opportunities. The economy is the strongest it's been since the recovery began in 2010. The only area that is suffering right now is the energy sector, which was not a fertile sector for teen job seekers, to begin with.

While the job market may be more welcoming to teenagers, recent trends suggest that may not necessarily translate into increased summer job gains. In 2015, 1,160,000 16- to 19-year-olds found employment from May through July, which was 11 percent fewer than the 1,297,000 finding summer jobs in 2014.

Last summer marked the third consecutive year in which teen summer job gains declined from the previous year. However, even as summer job gains decline, overall teen employment is still on the rise.

As of February, the U.S. Bureau of Labor Statistics counted approximately 4.6 million employed 16- to 19-year-olds. That is up from 4.4 million a year earlier. The February total is the highest for that month since 2009, when nearly 4.8 million teenagers were employed.

And, despite the 11 percent decline in summer job gains last year, teen employment reached a July peak of 5,696,000, the highest total since 2008. Said Challenger:

The numbers suggest that a more teenagers are finding employment at other times of the year. After all, we are approaching full employment. Many metropolitan areas are already struggling with labor shortages. This environment opens doors for teen job seekers, as those who may have relegated to retail and restaurant jobs are moving up, which leaves a void that can be filled by teens.

Even with the recent gains, though, teen employment is a shadow of its former self. The latest figures are well below the employment levels of the late 1990s and early 2000s, when it was common to see 7.0 million to 8.5 million teenagers employed at the peak of the summer job surge. In 1978, more than 10 million teenaged Baby Boomers were working in July. We will probably never hit that mark again.

The percentage of teenagers participating in the labor force has been declining since the 1970s. Currently, only about one-third of teens participate in the labor force (meaning they are working or actively seeking employment).

Some teens want a job, but are not in the labor force for a variety of reasons, including the belief that no work is available, simply could not find work, lack school or training, or are currently in school. Others have transportation problems or have family responsibilities.

However, the group of teenagers who want jobs represented less than one-tenth of the 10.9 million teens who were not in the labor force in 2015, according to the Bureau of Labor Statistics data. The overwhelming majority are not in the labor force by choice.

Challenger concluded:

The number of teenagers not in the labor force who want a job has remained flat over the last 20 years. Meanwhile, the number of teenagers not working by choice has risen in near lockstep with the overall number of teens abandoning the labor force.

This does not mean that teenagers have gotten lazier over the last two decades. They are simply engaged in more activities that fall under the radar of standard employment measures. Many are volunteering. More are participating in summer education programs or in summer sports leagues. Others are in unpaid internships. Many simply may be doing odd jobs, such as baby sitting or lawn mowing.

Much of this is in pursuit of college admissions goals and broader career goals beyond college. As colleges become more competitive, teens are trying to find activities that stand out on applications. In this environment, typical summer jobs have fallen out of favor.

>>>>> Scroll down to view and make comments <<<<<<

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
Big Mess in Italy
Are You Feeling the Economic Surge?
News Blog
Are All Collateralized Loan Obligations Equal?
A Third Of Homes Sold For The List Price Or More In August 2016
It Is Still Not Too Late To Find A Seasonal Job
Infographic Of The Day: Are You A Good Listener
Early Headlines: Italy Votes 'No', Renzi Resigns, Euro Plunges 2 Pct, Asia Stocks Down, Trump Foreign Policy By Tweet, Dakota Pipeline Stopped, India Serv. PMI Contracts And More
Most Read Articles Last Week Ending 03 December
The World's Most Creative Cities
The Countries Where People Aren't Interested In Politics
Fidel Castro And The Revolution That Almost Wasn't
America Trumps Allies In Defense Spending
What We Read Today 04 December 2016
How Much Money It Costs To Make Money
Multiple Jobs Needed To Make Ends Meet
Investing Blog
Market Sector Analysis: 04 December 2016
Trumponomics: The New Hope
Opinion Blog
The Labor Market Working Nine To Five
Why Did Trump Win? A Different Perspective, Part 3
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
05Dec2016 Pre-Market Commentary: US Stock Future Indexes To Open Higher, DOW To Hit New Record, Crude Prices At 16 Month High, US Dollar Softens, Investors Ignore Italy's Political Shakeup
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



Crowdfunding ....






























 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 - 2016 Econintersect LLC - all rights reserved