Jobs

Teen Hiring Backs Off in June

YinYang / Getty Images

The summer is not over yet and there is still plenty of time for teens to get a job and make some money before the school year starts. In fact, some retailers already announced they are hiring for the holiday and back-to-school seasons. According to a recent Challenger, Gray & Christmas study, teen hiring is backing off.

Teen hiring rose 86% from the 130,000 jobs added in May, as 951,000 workers aged 16 to 19 found employment last month, according to analysis of non-seasonally adjusted data from the Bureau of Labor Statistics by global outplacement and executive coaching firm Challenger, Gray & Christmas.

June’s gains are 7% lower than the 1,023,000 jobs added in June of 2017. So far this summer, 1,081,000 teens have found jobs, 1.5% lower than the 1,098,000 jobs added by this point last summer.

It’s worth pointing out that while retail has been competing with online sales — like Amazon Prime Day — many brick-and-mortar stores are using apps and additional technology to lure shoppers back in store. These retailers also will need workers to come close to replicating the ease and convenience of online shopping.

Andrew Challenger, vice president at Challenger, Gray & Christmas, commented:

While June’s gains are lower than last year, they’re still above the average number of jobs added in June. In such a tight labor market, where skilled workers are in short supply, teens may be taking advantage of the entry-level jobs employers were previously giving to older or college-aged workers in the post-recession years.

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here
you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here
to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.