The summer teen employment rate is at its lowest in 50 years, according to the Center for Labor Market Studies at Northeastern University-only 34 percent of young adults (ages 16-19) will find jobs this summer. With the recent economic downturn, older people are staying in the work force longer, and displaced workers are settling for lower-paying work in restaurants and retail, which are the usual first choices for teens.
The nation’s teens did not obtain any of the jobs generated by the income tax cuts of 2001 and, based on past experience, are unlikely to benefit from the recent, large fiscal stimulus of 2008. The federal government through funds devoted to the Iraq War has helped directly create between 70,000 and 80,000 military jobs for Iraqis but not one single job for an American youth. The recent fiscal stimulus will likely create more jobs for OPEC producing nations and China than it will for the nation’s teens.
Teens, laid-off adults competing for same jobs
Associated Press, June 18, 2008