With unemployment at the elevated it is at present at, balanced over 9 percent, it looks like every one of those teens who have recently finished the school year are having a pretty difficult time finding work.
Because there are a lot of adults at this time on the lookout for work, many are accepting anything they are able to find, counting those positions frequently set aside for out of school youth.
The Bureau of Labor Statistics had a fresh review that tracked a deterioration in the amount of youth that are participating in the job marketplace this year in opposition to last year; its fallen 3 percent.
So with the deficiency of positions, what are teens doing? Well, it seems like they're forgoing the paying positions to volunteer and do other non-paying jobs throughout the summer, if for nothing else, just to get out of the house for a few hours a day.
Some teens are even becoming entrepreneurs in their own right. Some have taken advantage of the season and started forming their own businesses for the summer, like grass maintenance or pool cleaning. The best part of these teens starting these jobs on their own is that they can make use of their friends and typically make more than minimum wage when there is work.
Right now the jobless rate for 16 to 19 year old range is 21.5%, that's up from 15.4% in 2008. When you look at those numbers, you need to keep in mind that just includes the teens that are truly vigorously in search of employment, not those which aren't.
I know that it is still tough to attain work. Residing in a university city, there are continuously college students looking for work, add on top of that out of school teenagers, then the fact that none of the businesses do the same amount of business over the summer as they do during a semester and it's basically a recipe for high unemployment. There are a number of restaurants looking for work, but it's all only part time work and the hours are scanty at best.
Subsequently, there are simply a lot of adults that have families to provide for that are in search of work at the identical locations. If I were a boss at one of the locations where teens frequently go to come across work, then I would be much more likely to employ the man or woman who needs to feed their family before I hired a 16 year old who just needs to put some minutes on their pay-as-you-go phone.
Because there are a lot of adults at this time on the lookout for work, many are accepting anything they are able to find, counting those positions frequently set aside for out of school youth.
The Bureau of Labor Statistics had a fresh review that tracked a deterioration in the amount of youth that are participating in the job marketplace this year in opposition to last year; its fallen 3 percent.
So with the deficiency of positions, what are teens doing? Well, it seems like they're forgoing the paying positions to volunteer and do other non-paying jobs throughout the summer, if for nothing else, just to get out of the house for a few hours a day.
Some teens are even becoming entrepreneurs in their own right. Some have taken advantage of the season and started forming their own businesses for the summer, like grass maintenance or pool cleaning. The best part of these teens starting these jobs on their own is that they can make use of their friends and typically make more than minimum wage when there is work.
Right now the jobless rate for 16 to 19 year old range is 21.5%, that's up from 15.4% in 2008. When you look at those numbers, you need to keep in mind that just includes the teens that are truly vigorously in search of employment, not those which aren't.
I know that it is still tough to attain work. Residing in a university city, there are continuously college students looking for work, add on top of that out of school teenagers, then the fact that none of the businesses do the same amount of business over the summer as they do during a semester and it's basically a recipe for high unemployment. There are a number of restaurants looking for work, but it's all only part time work and the hours are scanty at best.
Subsequently, there are simply a lot of adults that have families to provide for that are in search of work at the identical locations. If I were a boss at one of the locations where teens frequently go to come across work, then I would be much more likely to employ the man or woman who needs to feed their family before I hired a 16 year old who just needs to put some minutes on their pay-as-you-go phone.
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