by Christopher Freeburn | June 5, 2012 12:02 pm
Despite a recent spate of bad news about the U.S. job market, including weaker-than-expected hiring in May, one group of Americans faces improved job prospects. The market for teenage summer employment is accelerating this year, according to a study from Challenger, Gray & Christmas.
Nationwide, 160,000 teenagers found jobs for the coming summer last month, compared to just 71,000 during the same time last year, the Los Angeles Times notes.
In fact, the job market for those aged 16 to 19 is the seeing its best start in six years.
Data from the Labor Department indicates that last year, just 48.8% of people aged 16 to 24 were employed in July, with minority teens showing the lowest rates of employment. Only 34.6% of African-American teenagers were employed last July.
Still, the number of teenagers who do not work at all during the summer has been growing since 1994.
Source URL: http://investorplace.com/2012/06/summer-employment-for-teens-rises-sharply/
Short URL: http://invstplc.com/1nysAEp
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.