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 20 August 2016

Teens Land 492,000 Jobs In July, 1.4M This Summer

from Challenger Gray and Christmas

With strong hiring in June and July, the number of teenagers finding summer employment in 2016 increased by more than 15 percent to its highest level since 2013.

Employment among teens increased by 1,339,000 between May and July. That was 15.4 percent more than a year ago, when 1,160,000 16- to 19-year-olds were added to the employment rolls.

The summer total was helped by heavier-than-usual teen employment gains in July. A total of 492,000 teenagers found jobs in July, according to non-seasonally adjusted data released by the U.S. Bureau of Labor Statistics last Friday. The July teen job gains were 33 percent higher than last year's 369,000. Last month's gains were 25 percent higher than the 392,900 July job gains averaged over the previous 10 years.

The strong summer hiring brought total employment among 16- to 19-year-olds to 6,040,000, which is the highest number of employed teens since August 2008, when 6,142,000 teenagers were working.

"This year saw the strongest teen employment market since 2013, when 1,355,000 young people between the ages of 16 and 19 found jobs. We may be seeing a turnaround in the teen job market as more and more cities approach full employment," said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

"When the unemployment rate drops down into the 3-percent to 4-percent range, older and more experienced workers who might have been settling for employment in retail and food service are able to move into higher-skilled, higher-paying jobs. This leaves opportunities for younger job seekers. The biggest challenge may be attracting teen job seekers," said Challenger.

Teen employment has been declining since the 1970s. At its peak, in July 1978, more than 10 million teenagers were employed. Much of the decline appears to be by choice, as a growing number of teenagers participate in summer sports and education programs, volunteer, travel or work in jobs that fall below the standard employment measures.

"Employers may have to entice teens back into the traditional workforce with higher pay, more challenging work or, perhaps, the promise of tuition assistance," suggested Challenger.

Burger King, McDonald's, Chick-fil-A, and Walmart are among the dozens of major food and retail businesses that offer scholarship applications for team members.

However, even with the promise of tuition assistance, it may be an uphill battle when it comes to bringing teens back into the fold. According to unpublished, non-seasonally adjusted data from the Bureau of Labor Statistics, of the 9.5 million 16- to 19-year-olds not in the labor force last month, more than 8.5 million, or roughly 90 percent, indicated that they do not want a job.

2016 Summer Teen Job July.pdf

>>>>> 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. 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
Why Long-Run Theories of Profit and Accumulation Fall Short
Brexit - Who Wins and Loses
News Blog
April 2017 Chemical Activity Barometer Suggests Continued Growth Through 2017
Final April 2017 Michigan Consumer Sentiment Slips but Remains Strong
Richmond Fed Manufacturing Survey Again Improves In April 2017.
March 2017 Headline New Home Sales Improve and Above Expectations
Case-Shiller 20 City Home Price Index February 2017 Shows 5.9 % Year-over-Year Growth
Infographic Of The Day: Comparison Of Population Density
Early Headlines: Asia Stocks, Dollar, And Oil All Up, Gold Down, China Stocks Diverge, Bankrupt Retail, Courtiers To Palace Wed., US Starts Trade War With Canada Over Lumber, And More
April 24, 2017 Weather and Climate Report - All Too Normal!
The Countries With The Fastest Internet
CO2 Levels And Global Warming
Worthless Mining Waste Could Suck CO Out Of The Atmosphere And Reverse Emissions
Average Gasoline Prices for Week Ending 24 April 2017 Rose Over 1 Cent
The Worst Roads In The USA
Investing Blog
Irrational Exuberance From France
The Real 401k Plan Manager 24 April 2017
Opinion Blog
Reducing Inequality Could Be A Matter Of Survival
America's Gilded Age 2: On The Rocks
Precious Metals Blog
Three Gold Plays For The New Era Of Chaos
Live Markets
25Apr2017 Pre-Market Commentary: Most Global Markets Are In The Green
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